Hengeler Mueller advises United Internet on Tele Columbus delisting

Kublai GmbH has submitted a delisting purchase offer to the shareholders of Tele Columbus AG for all remaining shares of the company against payment of EUR 3.25 per share. This reflects the offer price of Kublai's previous voluntary public takeover offer to the shareholders of the company, which was completed in April 2021. Kublai currently holds more than 94 per cent of the shares in Tele Columbus and aims at Tele Columbus' application for the withdrawal from the regulated market of the Frankfurt Stock Exchange (Prime Standard) before the expiry of the acceptance period of the delisting offer.

Hengeler Mueller advises United Internet AG, which indirectly holds 40 per cent of the shares in Kublai GmbH, on the purchase offer and delisting of Tele Columbus. The team includes partner Daniela Favoccia (Frankfurt) as well as associate Mauritz Rogier (Düsseldorf) (both Corporate/M&A).