Internet and mobile communications provider: Dommermuth secures a majority stake in United Internet

Ralph Dommermuth

The manager had recently examined offers to buy.

(Photo: dpa)

Montabaur United Internet boss Ralph Dommermuth has, as expected, increased his stake in the Internet company to over 50 percent. The Ralph Dommermuth GmbH & Co. KG Beteiligungsgesellschaft, which he controls, has concluded purchase agreements for the acquisition of 15.2 million shares in United Internet AG, United Internet announced on Wednesday evening. That corresponds to a stake of 7.4 percent of the shares in United Internet AG. With the completion, Dommermuth’s controlled stake in the company will increase to around 50.1 percent.

Due to these package acquisitions, the manager is waiving a previously considered voluntary purchase offer for 17 million shares in United Internet AG. Dommermuth was considering further opportunity purchases of shares in United Internet AG in the next year, it said in the announcement. The telecom billionaire announced at the beginning of November that he was considering taking over the Internet and mobile communications provider he had founded.

More: United Internet boss is examining offers to buy shares

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