Brief: Freenet Acquires All Remaining Minority Interests In Exaring
BRIEF-Freenet Acquires All Remaining Minority Interests In Exaring Oct 13 (Reuters) - 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;))
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