Deutsche Telekom sells shares in IPO of Scout24

Friday 2 October 2015 | 15:25 CET | News
Deutsche Telekom said it has sold 13.2 million shares in Scout24 at the IPO at a price of EUR 30 per share, giving total gross proceeds of around EUR 400 million. Overall, Deutsche Telekom has so far obtained proceeds of EUR 2.1 billion from the sale of Scout24 stakes. Deutsche Telekom will continue to hold a 14 percent stake (before greenshoe option) in Scout24 and be represented on the board of directors.

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Categories: Internet
Companies: Deutsche Telekom
Countries: Germany
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