Dec
30
Written by:
Editor
12/30/2008 8:08 AM
German mobile service provider Drillisch and German ISP United Internet etered into a supplemental agreement relating to MSP Holding in which each of them owns a share of 50 percent and which up to date owns 23,550,000 shares (equal to 18.39 % of the voting rights) in German telecom service provider Freenet. Under the agreement United Internet acquires 10,798,817 shares (equal to 8.43 % of the voting rights) in Freenet from MSP Holding. The proceeds are used for a reduction of the financial liabilities of MSP Holding. After this share transfer, MSP Holding will continue to own 12,751,183 shares (equal to 9.96 % of the voting rights) in Freenet. Drillisch continues to hold 7.52 percent of Freenet voting rights and due to the contractual voting commitment between United Internet and Drillisch, there is no difference in the share of voting rights in Freenet held by United Internet and Drillisch, which still totals 25.91 percent.
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