✉news TechnologyInternet first seen 6 h ago, last 6 h ago, peak #30
United Internet to Raise 1&1 Stake to 89.32%
Original: United Internet AG (UTDI) To Lift 1&1 Stake To ~89.32% Via In-Kind Capital Raise
United Internet AG plans to increase its holding in 1&1 AG to roughly 89.32% through a capital raise conducted in kind, meaning it contributes assets rather than cash to the telecom subsidiary. The move consolidates United Internet's control over 1&1, tightening its grip on the German mobile and broadband operator as minority shareholders' stakes are diluted.
Why now: Investors are watching a major corporate restructuring that significantly changes ownership of a listed German telecom company.
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