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United Internet: Dommermuth waives an offer to buy after package purchases

Wednesday, 12/22/2021 7:57 PM from

dpa-AFX

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A smartphone display with various apps, including GMX. GMX belongs to United Internet. © jbk_photography / iStock Editorial / Getty Images Plus / Getty Images

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MONTABAUR (dpa-AFX) – United Internet boss As expected, Ralph Dommermuth has 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 (United Internet Aktien) 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 50.10 percent.

Due to these package acquisitions, the manager is waiving a previously considered voluntary purchase offer for 17 million shares in United Internet AG. This did not go down well on the stock exchange, even if the announcement indicated further share purchases by Dommermuth in the coming year. In an initial reaction, the United Internet share price slipped by one percent on the trading platform compared to the Xetra closing price./he/ajx

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