1&1 jumps 20% after United Internet makes offer to hike stake

1&1 AG

16/05/2025 09:33

** Shares in 1&1 1U1.DE jump around 20% after United Internet UTDI.DE said it decided to launch an offer to take its stake in the German mobile and broadband provider to up to 90%

** United Internet, which owns 80.81% of 1&1's capital, plans to buy a further up to 9.2% stake, offering 18.5 euros per share, a 20% premium to 1&1's Thursday close

** A de-listing and squeeze out of 1&1 is not intended, United Internet said

** If gains hold, the stock will see its best day since September 2003

($1 = 0.8922 euros)

 (Reporting by Marleen Kaesebier)

 ((marleen.kaesebier@thomsonreuters.com))