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]

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