Freenet Acquires All Remaining Minority Interests In Exaring

By Reuters News

- freenet AG FNTGn.DE:

  • ACQUIRES ALL REMAINING MINORITY INTERESTS IN EXARING AG ("WAIPU.TV"), BRINGING ITS OWNERSHIP TO 100%

  • INITIAL PURCHASE PRICE FOR FULL ACQUISITION IS ABOUT EUR 76 MILLION

  • COMPANY VALUATION FOR DEAL IS ABOUT EUR 300 MILLION

  • EXISTING DIVIDEND POLICY REMAINS UNCHANGED

  • ACQUISITION IS FULLY FUNDED FROM CASH RESERVES; FINANCIAL FLEXIBILITY AND DIVIDEND OUTLOOK REMAIN UNCHANGED

Further company coverage: [FNTGn.DE]

Capital Com is an execution-only service provider. The present material must be regarded as marketing communication and should not be interpreted as investment research or investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page, then you do so entirely at your own risk