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United Internet and Drillisch successfully complete takeover

United Internet and Drillisch successfully complete takeover
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Christian Boas

Drillisch AG has successfully completed the acquisition of 1 & 1 Telecommunication SE. With today’s registration of the capital increase in the commercial register decided at the Extraordinary Drillisch Annual General Meeting on July 25, 2017, Drillisch acquired the remaining share of approximately 92.25 per cent in 1 & 1 Telecommunication. 1 & 1 Telecommunication is thus a wholly owned subsidiary of Drillisch. United Internet has received new Drillisch shares in return, increasing United Internet’s share in Drillisch to more than 73 percent.

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