14.04.2021 Tele Columbus AG  DE000TCAG172

DGAP-News: Tele Columbus AG: Successful completion of the takeover offer for Tele Columbus


 

DGAP-News: Tele Columbus AG / Key word(s): Offer/Mergers & Acquisitions
Tele Columbus AG: Successful completion of the takeover offer for Tele Columbus

14.04.2021 / 13:30
The issuer is solely responsible for the content of this announcement.


PRESS RELEASE

Public takeover offer by Kublai GmbH

Successful completion of the takeover offer for Tele Columbus

- Together with the stake held by United Internet, Kublai will hold a total of 91,96 percent of all Tele Columbus shares after closing of the takeover offer

- With the antitrust clearance by the EU Commission on April 12, 2021, the transaction can be completed

- Closing of the offer and payment expected on April 19, 2021

- The current members of the Supervisory Board will resign from office with effect from the end of the next Annual General Meeting, which is scheduled for the end of May, in order to allow for a replacement

- Start of the rights offering guaranteed by Kublai in the amount of
EUR 475 million expected at the end of April

- Dr. Daniel Ritz, Chief Executive Officer (CEO) of Tele Columbus AG: "The successful takeover offer and the capital increase pave the way for sustainable, organic growth for Tele Columbus"

Berlin, 14 April 2021. Tele Columbus AG (ISIN: DE000TCAG172, WKN: TCAG17), one of Germany's leading fiber network operators, today announces that with the antitrust clearance granted on April 12, 2021, all offer conditions have been fulfilled. This means that the takeover offer by Kublai GmbH, backed by Morgan Stanley Infrastructure Partners, can be completed.

By the end of the further acceptance period on April 1, 2021, the takeover offer was accepted for a total of 79.158.047 shares. This equals a stake of approximately 62,06 percent in Tele Columbus. As part of the closing of the offer, United Internet will also contribute its stake of around 29.90 percent to Kublai. This increases the shareholding to 91,96 percent. The parties received antitrust clearance from the EU Commission on April 12, 2021 and the relevant Clearance Certificate of the Federal Ministry for Economic Affairs and Energy on March 30, 2021. This means that the final conditions to the successful completion of the transaction have been fulfilled. Closing of the offer is scheduled for April 19, 2021.

In view of the forthcoming change of control, the current members of the Supervisory Board have announced today that they will resign from office with effect from the end of the next Annual General Meeting. The next ordinary Annual General Meeting is planned to take place by the end of May. Kublai has announced that it will appoint new members to the Supervisory Board after the closing of the offer in order to be represented according to the size of its shareholding as previously communicated in the Offer Document. The new members proposed by Kublai are to be elected at the next Annual General Meeting, which is scheduled for the end of May.

"We are pleased that the offer has been accepted by so many shareholders and that all regulatory approvals have been granted. This is great news for all parties involved. This means that the capital increase, which was approved in January 2021, can be launched before the end of April and we can go ahead with the implementation of our strategy at full speed. The successful takeover offer and the capital increase pave the way for sustainable, organic growth for Tele Columbus in light of the Fiber Champion strategy. I look forward to working with Morgan Stanley Infrastructure Partners and United Internet," says Dr. Daniel Ritz, Chief Executive Officer (CEO) of Tele Columbus AG.

The Fiber Champion strategy presented in August 2020 aims to create a sustainable capital structure and enable substantial investments in the fiber roll-out in Germany. Over the next ten years, the company plans to invest EUR 2 billion in network infrastructure and fiber roll-out and as well as significantly increase internet penetration via open access.

After the closing of the takeover offer, the planned rights offering in the amount of EUR 475 million is expected to start at the end of April 2021. Kublai guarantees the rights offering.

Further information on the takeover offer is available at www.faser-angebot.de.

***

About Tele Columbus

Tele Columbus AG is one of Germany's leading fibre network operators, which reaches more than three million homes. Through its brand PŸUR, the Company offers high-speed internet including telephony and more than 250 TV channels on a digital entertainment platform that combines linear TV with video on demand entertainment. To its housing as-sociation partners the Tele Columbus Group offers tailored models of cooperation and state-of-the-art services such as telemetric and tenant portals. As a full-service partner for municipalities and regional utilities, the Company is actively supporting the fibre-based infrastructure and broadband internet expansion in Germany. For its business customers, the Group offers carrier services and corporate solutions on its proprietary fibre network. Besides its headquarter in Berlin, the Company has locations in Hamburg, Leipzig, Ratingen and Unterföhring. Since January 2015, Tele Columbus AG is listed on the regulated market (Prime Standard) of the Frankfurt Stock exchange.

Disclaimer

This release may contain forward-looking statements. These statements reflect the Company's current knowledge and expectations and projections about future events. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. Such risks, uncertainties and assumptions may cause our actual results, performance or achievements to differ materially from those expressed or implied by such forward-looking statements. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially from those anticipated or implied in the forward-looking statements.

All information contained in this release has been carefully prepared. However, no reliance may be placed for any purposes whatsoever on the information contained in this document or on its completeness.

This release does not constitute or form part of, and should not be construed as, and offered to sell or issue, or the solicitation of an offer to purchase, subscribe to or acquire, securities of the Company, or an inducement to enter into investment activity in the United States. No part of this release, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever.

 




Contact:
Leonhard Bayer
Senior Director Investor Relations
Phone +49 (30) 3388 1781
Fax +49 (30) 3388 9 1999
[email protected]
www.telecolumbus.com


14.04.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: Tele Columbus AG
Kaiserin-Augusta-Allee 108
10553 Berlin
Germany
Phone: +49 (0)30 3388 1781
Fax: +49 (0)30 3388 9 1999
E-mail: [email protected]
Internet: www.telecolumbus.com
ISIN: DE000TCAG172
WKN: TCAG17
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1183630

 
End of News DGAP News Service

1183630  14.04.2021 

fncls.ssp?fn=show_t_gif&application_id=1183630&application_name=news&site_id=boersengefluester_html


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 495,76 494,38 499,41 479,91 462,84 446,55 0,00
EBITDA1,2 197,01 189,55 214,18 229,53 202,36 163,30 0,00
EBITDA-Marge3 39,74 38,34 42,89 47,83 43,72 36,57
EBIT1,4 41,40 -93,45 30,00 -124,68 -12,40 -70,22 0,00
EBIT-Marge5 8,35 -18,90 6,01 -25,98 -2,68 -15,73 0,00
Jahresüberschuss1 -16,35 -161,40 -35,50 -185,84 -85,87 -124,85 0,00
Netto-Marge6 -3,30 -32,65 -7,11 -38,72 -18,55 -27,96 0,00
Cashflow1,7 159,55 159,62 209,40 231,61 184,26 161,55 0,00
Ergebnis je Aktie8 -0,15 -1,28 -0,29 -1,48 -0,40 -0,43 -0,37
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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
Tele Columbus
WKN Kurs in € Einschätzung Börsenwert in Mio. €
TCAG17 0,650 - 192,80
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
0,00 0,00 0,00 -0,96
KBV KCV KUV EV/EBITDA
0,51 1,19 0,43 8,17
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 22.02.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
- - - 20.04.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
17,54% 11,11% 22,64% -76,45%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu Tele Columbus AG  ISIN: DE000TCAG172 können Sie bei EQS abrufen


Telekomausrüster , TCAG17 , TC1 , HAM:TC1