Brussels à Jour: Exploring the First 100 Days of the Notification Obligation under the Foreign Subsidies Regulation
27 March 2024
Tele Columbus AG, one of Germany's leading fibre network operators, has successfully implemented the capital increase in a gross amount of approximately EUR 475 million. All offered 146,109,887 shares were either subscribed for based on the exercise of subscription rights or based on the acquisition of unsubscribed shares by Kublai GmbH, the majority shareholder of the company, pursuant to a backstop agreement. As a major shareholder in Kublai, United Internet AG participated in the capital increase.
Hengeler Mueller advised United Internet on the transaction. The team included partners Daniela Favoccia, Lucina Berger (both Corporate) and Wolfgang Groß (Capital Markets) as well as associate Mauritz Rogier (Corporate) (all Frankfurt).