United Internet Boosts Stake In Tele Columbus By 15.31%

(RTTNews) - United Internet AG (UDIRF.PK) announced that via its subsidiary United Internet Ventures AG, it has contractually secured the acquisition of share package of approx. 15.31 percent of shares in Tele Columbus AG, Berlin, Germany. The closing of the acquisition is subject to approval by the German anti-trust authority.

If the acquisition is approved, United Internet AG would have total indirect shareholding, together with further shares acquired in the course of today, of 25.11 percent in Tele Columbus.

Meanwhile, United Internet clarified that it does not, however, currently intend to acquire an equity stake of 30 percent or more in Tele Columbus, which would oblige it to submit a mandatory bid nor to make a voluntary takeover bid.