Telefonica Deutschland plans to delist from Frankfurt stock exchange

Telefonica Deutschland Holding AG

07/03/2024 07:27

March 7 (Reuters) - Telefonica Deutschland  O2Dn.DE 
said on Thursday it intends to delist from the Frankfurt stock
exchange after signing an agreement with parent company
Telefonica SA  TEF.MC .
    The German telecom firm said its parent company, via a
special purpose entity, offered a cash compensation of 2.35
euros ($2.56) per share for the remaining stake.
    Telefonica SA currently owns more than 94% of the shares in
Telefonica Deutschland.
    In December, parent company Telefonica said it had no plan
to delist Telefonica Deutschland following the ongoing tender
offer.
    Telefonica Deutschland said the parent company does not
intend to support the distribution of dividends for further
financial years apart from the 2023 dividend.


($1 = 0.9176 euros)

 (Reporting by Bartosz Dabrowski in Gdansk, Editing by Rachel
More)
 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))