Picture of freenet AG logo

FNTN — freenet AG News Story

0.000.00%
de flag iconLast trade - 00:00
TelecomsBalancedMid CapContrarian

Brief: Freenet Acquires All Remaining Minority Interests In Exaring

BRIEF-Freenet Acquires All Remaining Minority Interests In Exaring

- 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

Source text: ID:nEQ7hL1n2a

Further company coverage: [FNTGn.DE]


(Gdansk Newsroom)

((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))

Recent news on freenet AG

See all news