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General

German regulator clears Drillisch, 1&1 tie-up

Friday 9 June 2017 | 11:30 CET | News
The German competition regulator has approved United Internet's proposed takeover of Drillisch with no restrictions. The companies first announced the deal in early May. It will see Drillisch merge with United Internet's unit 1&1 in exchange for United Internet acquiring a majority stake in the enlarged group. The transaction remains subject to approval by Drillisch shareholders. The clearance from the Federal Cartel Office makes United Internet's public offer for existing Drillisch shares unconditional.

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Categories: General
Companies: 1&1 / Drillisch / United Internet
Countries: Germany
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