United Internet AG announced a voluntary public takeover offer for Tele Columbus AG by Equity Management GmbH, a bidding company of Morgan Stanley Infrastructure Partners.
If the takeover offer is successful, United Internet will contribute its stake in Tele Columbus of about 29.9 percent to the bidding company. In return, United Internet will receive a minority shareholding in the bidding company Equity Management, which will trade in the future as Kublai GmbH.
On conclusion of the takeover offer, United Internet will participate in the capital increase with an amount in the range of €142 million to €190 million ($174 million to $233 million).
Following successful completion of the transaction, United Internet can increase its stake in the bidding company at its own discretion so that it has an indirect shareholding in Tele Columbus of between 29.9 percent and 40 percent.
United Internet has announced that, together with Morgan Stanley Infrastructure
