Deal snapshot: GERMAN KIZOO SELLS ENTIRE STAKE IN UNITED INTERNET
25 October 2010
© 2010, M2 Communications. All rights reserved.
German Internet software developer Kizoo AG (ETR:CMBT) has sold its remaining 4.96% stake in online services provider United Internet AG (ETR:UTDI).
Sector: IT/Online Services
Target: United Internet AGVendor: Kizoo AG
Boersen-Zeitung: German Kizoo sells entire stake in United Internet
22 October 2010
(c) 2010 AII Data Processing Ltd. All Rights Reserved.
German Internet software developer Kizoo AG has sold its stake in online services provider United Internet AG.
Kizoo held 11.9 million shares in UnitedInternet, which represent around 4.96% of its capital. The shares were sold outside the stock exchange market.
No financial details were disclosed.
Abstracted from an original article in Boersen-Zeitung (Kurz gemeldet: Kizoo steigt bei United Internet aus).
German Kizoo sells remaining stake in United Internet
20 October 2010
© 2010 AII Data ProcessingLtd. All Rights Reserved.
(ADPnews) - Oct 20, 2010 - German Internet software developer Kizoo AG (ETR:CMBT) has sold its remaining shareholding in online services provider United Internet AG (ETR:UTDI), the company said today.
The 11.9 million shares, which Kizoo held in United Internet and which represent around 4.96% of United Internet's equity capital, were placed outside the stock exchangemarket.
Kizoo did not disclose the amount of the proceeds from the sale of the shares.
Pirelli to sell broadband ops by end-Oct-source
12 October 2010
(c) 2010 Reuters Limited
MILAN, Oct 12 (Reuters) - Italy's Pirelli & C SpA MI> has three possible buyers for its broadband unit and could complete the sale by the of the month, a source close tothe operation said on Tuesday.
Switzerland's Adb, German fund Aurelius and France's Netgem are finalists to buy Pirelli Broadband Solutions, the source said. The move would let Pirelli focus on its core tyre operations.
"The group is near to closure (of the sale). It is probable by the end of October," the source said
The operation values the unit at between 35 million euros and 40 million, amarket source said.
Pirelli declined to comment. It has set an end-year date for completing the sale.
Pirelli is due to spin off its Pirelli & C Real Estate SpA this month as part of a strategy to focus on its tyre activities.
At 1000 GMT Pirelli shares were down 0.8 percent at 5.95 euros, underperforming the STOXX Europe 600 auto and auto parts index which was up 0.7 percent. (Reporting byStefano Rebaudo; Writing by Nigel Tutt; Editing by David Holmes)
freenet AG - History
28 September 2010
Datamonitor Company Profiles
© 2010 Datamonitor Ltd. All rights reserved
freenet was formed out of the merger between freenet.de and mobilcom in 2007. In the same year, the company was listed on the Frankfurt Stock Exchange.
freenet acquired debitel Group, anindependent telecommunications marketer in the Federal Republic, in 2008. As a result, the Telco (Netherlands) Holdings B.V. held by Permira funds held 24.99 % of shares in freenet. Also in 2008, the Dutch telecommunications Group KPN acquired debitel Nederland, a foreign subsidiary of debitel Group.
In April 2009, Christoph Vilanek was appointed as the Chief Executive Officer at freenet. In May ofsame year, United Internet AG's subsidiary, 1&1 Internet AG, and freenet signed an agreement for the acquisition of freenet's DSL business and a preferred distribution partnership in respect of DSL products.
Thorsten Kraemer was elected as the Chairman of Supervisory Board at the company in July 2009. In November 2009, freenet entered into an agreement to sell the entire issued share capital...
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