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Drillisch decides to take over the 1 & 1 Telecommunication SE

Drillisch decides to take over the 1 & 1 Telecommunication SE
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Christian Boas

The Extraordinary General Meeting of Drillisch Aktiengesellschaft has today increased the company’s registered capital from EUR 70,209,499.80 to EUR 188,941,113.90 against the contribution of all shares not yet held by Drillisch to 1 & 1 Telecommunication (approximately 92.25 percent) By way of capital increase.

In total, 46,096,340 shares or 97.85 per cent of the validly cast votes have been approved by the administration’s application to increase the share capital for the purpose of combining Drillisch’s mobile business with United Internet’s mobile and fixed-line network bundled in 1 & 1 Telecommunication.

When the capital increase is registered in the commercial register, the direct and indirect participation of United Internet in Drillisch will increase from currently approx. 30.95 per cent to a total of approx. 73.11 per cent. (Ad-Hock report Drillisch AG)

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