In an over-the-counter transaction, United Internet AG (ISIN DE0005089031) today sold the 10,798,817 shares (corresponding to 8.43% of voting rights) which it held directly in freenet AG, Büdelsdorf. The proceeds from the sale amounted to EUR 93.95 million, corresponding to a price of EUR 8.70 / share.
United Internet expects to post an extraordinary income from the sale of the freenet shares. Contrary to this positive result, it is currently expected that the carrying value of shares held by United Internet in Versatel will be written down in the third quarter due to the falling market price of Versatel shares.
United Internet expects to post an extraordinary income from the sale of the freenet shares. Contrary to this positive result, it is currently expected that the carrying value of shares held by United Internet in Versatel will be written down in the third quarter due to the falling market price of Versatel shares.
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