Press release article from our research archive:

freenet to Acquire debitel Group.

BUDELSDORF and STUTTGART, Germany, April 28 /PRNewswire/ -- freenet AG has today signed an agreement for the acquisition of the debitel Group, mainly consisting of debitel AG, TALKLINE GmbH and _dug telecom ag. The seller is debitel (Netherlands) Holding BV, a holding company controlled by Permira funds. The supervisory board of freenet AG has approved the acquisition.

As consideration for the acquisition of the debitel Group, freenet will issue 32 million new freenet shares (approx. 24.99 % after the capital increase, with a current market value of ca. EUR360 million(*)) and a long-term EUR132.5m interest-bearing loan note to the vendor. On a cash-free basis, the debitel ...

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