29.06.2018
freenet AG DE000A0Z2ZZ5
DGAP-Adhoc: freenet AG to acquire just under 10 per cent of CECONOMY AG
DGAP-Ad-hoc: freenet AG / Key word(s): Investment
freenet AG to acquire just under 10 per cent of CECONOMY AG
29-Jun-2018 / 18:08 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Public disclosure of inside information in accordance with Article 17 of the
Regulation (EU) Nr. 596/2014
freenet AG to acquire just under 10 per cent of CECONOMY AG
Büdelsdorf, 29 June 2018 - freenet AG [ISIN DE000A0Z2ZZ5] and CECONOMY AG
have today concluded an agreement regarding the acquisition of approximately
32.6 million shares issued by CECONOMY AG within the framework of a 10 per
cent capital increase (excluding shareholders' subscription rights) for a
total consideration of approximately 277 million euros or 8.50 euros per
share. After the capital increase has been carried out, freenet will hold
approximately 9.1 per cent of the ordinary shares of CECONOMY AG. The
completion of the transaction is subject to customary conditions.
freenet and MediaMarktSaturn, a subsidiary of CECONOMY AG, have already been
working together for a long time in retail of consumer electronics in the
form of a distribution cooperation, whereby MediaMarktSaturn act as a
distribution channel for part of the product portfolio of freenet AG.
Investor Relations:
freenet Aktiengesellschaft
Ingo Arnold, Head of Investor Relations
Deelbögenkamp 4c
22297 Hamburg
Telefon: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
E-Mail: [email protected]
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29-Jun-2018 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: freenet AG
Hollerstraße 126
24782 Büdelsdorf
Germany
Phone: +49 (0)40 51306-778
Fax: +49 (0)40 51306-970
E-mail: [email protected]
Internet: www.freenet-group.de
ISIN: DE000A0Z2ZZ5, DE000A1KQXU0
WKN: A0Z2ZZ , A1KQXU
Indices: TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of Announcement DGAP News Service
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700351 29-Jun-2018 CET/CEST
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