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Vodafone completes Kabel Deutschland takeover offer

2013-10-14 13:51:00| Telecompaper Headlines

(Telecompaper) Vodafone announced that the voluntary public takeover offer for German cable network operator Kabel Deutschland has been completed. Vodafone now owns 76.57 percent of Kabel Deutschland's share capital. Vodafone will now enter into a domination and profit and loss transfer agreement with Kabel Deutschland in line with German Stock Corporation Law. This allows Vodafone to consolidate the company's results, while also agreeing rights and payments for minority shareholders. Vodafone announced in June the takeover bid, valuing the German cable operator at EUR 7.7 billion plus EUR 3 billion in debt.

Tags: offer deutschland kabel vodafone

Category:Telecommunications

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