12.08.2020 freenet AG  DE000A0Z2ZZ5

DGAP-Adhoc: freenet AG undertakes to sell its 24.42% stake in Sunrise Communications Group AG as part of Liberty Global's public tender offer


 

DGAP-Ad-hoc: freenet AG / Key word(s): Disposal/Investment
freenet AG undertakes to sell its 24.42% stake in Sunrise Communications Group AG as part of Liberty Global's public tender offer

12-Aug-2020 / 07:19 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.


Disclosure of inside information pursuant to Article 17 of Regulation (EU) No 596/2014

freenet AG undertakes to sell its 24.42% stake in Sunrise Communications Group AG as part of Liberty Global's public tender offer


Büdelsdorf, 12 August 2020 - freenet AG [ISIN DE000A0Z2ZZ5] ("freenet") has committed itself under an agreement concluded with Liberty Global plc ("Liberty Global") (Tender Untertaking), to accept a voluntary cash tender offer by Liberty Global or an affiliated company of Liberty Global (the "Bidder") to all shareholders of Sunrise Communications Group AG ("Sunrise") and to sell all Sunrise shares held by freenet to Liberty Global or the Bidder at a cash purchase price of CHF 110 per Sunrise share.

Liberty Global and Sunrise have entered into a transaction agreement regarding a voluntary cash tender offer for all Sunrise shares. On this basis, Liberty Global today announced the pre-announcement of this tender offer. The completion of the tender offer is subject to certain closing conditions, including regulatory approvals and a minimum acceptance rate. The Board of Directors of Sunrise has announced that it unanimously supports the tender offer and recommends Sunrise's shareholders to accept the offer.

In the event of a successful completion of the tender offer, freenet would receive an amount of CHF 1.216 billion (approximately EUR 1.126 billion based on current exchange rates) for the sale of 11,05 million Sunrise shares. This would result in extraordinary income of more than EUR 300 million (net income). An amount of approximately EUR 800 million thereof would be used to repay existing debt (bank loans, promissory note loans). The Management Board of freenet AG will examine to what extent the remaining funds from the transaction will be invested in strengthening the competitive position or otherwise benefit the shareholders of freenet.

The potential sale of its Sunrise shares has no immediate impact on freenet's guided financial and non-financial performance indicators for the financial year 2020.

If the tender offer is successful, the sale of the shares and payment of the purchase price can be expected to be completed within a few months from today's perspective.

Contact:
Investor Relations & ESG
freenet Group

Deelbögenkamp 4
22297 Hamburg
Telefon: +49 (0) 40 / 513 06 778
Fax: +49 (0) 40 / 513 06 970
Mail: [email protected]


12-Aug-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: freenet AG
Hollerstrasse 126
24782 Buedelsdorf
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: MDAX, TecDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1115809

 
End of Announcement DGAP News Service

1115809  12-Aug-2020 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 3.117,89 3.362,41 3.507,26 2.897,47 2.932,54 2.576,23 2.580,00
EBITDA1,2 370,18 438,82 541,20 441,18 426,80 425,88 430,00
EBITDA-Marge3 11,87 13,05 15,43 15,23 14,55 16,53 16,67
EBIT1,4 298,78 298,82 260,83 311,99 269,95 262,98 0,00
EBIT-Marge5 9,58 8,89 7,44 10,77 9,21 10,21 0,00
Jahresüberschuss1 221,46 216,42 275,57 212,16 184,73 561,01 0,00
Netto-Marge6 7,10 6,44 7,86 7,32 6,30 21,78 0,00
Cashflow1,7 314,94 389,65 385,36 369,48 364,23 357,06 0,00
Ergebnis je Aktie8 1,73 1,78 2,24 1,74 1,49 4,44 1,80
Dividende8 1,55 1,60 1,65 1,65 0,04 1,65 1,50
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: PricewaterhouseCoopers

INVESTOR-INFORMATIONEN
©boersengefluester.de
Freenet
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0Z2ZZ 20,200 Halten 2.586,83
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
10,92 11,97 0,91 10,43
KBV KCV KUV EV/EBITDA
1,61 7,24 1,00 7,08
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,04 1,65 8,17 18.06.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
06.05.2021 12.08.2021 04.11.2021 26.03.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-4,10% 5,85% 17,48% 37,93%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu freenet AG  ISIN: DE000A0Z2ZZ5 können Sie bei DGAP abrufen

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