United Internet AG (XTRA:UTDI) proposed to acquire an additional 9.19% stake in 1&1 AG (XTRA:1U1) for ?300 million on May 16, 2025. A cash consideration valued at ?18.5 per share will be paid by United Internet AG for 16,250,827 shares. Upon completion, United Internet AG will own 90% stake in 1&1 AG. The conclusion of a domination and/or profit and loss transfer agreement, a delisting and/or a squeeze-out are not planned.

The Offer will be made in accordance with the terms and conditions set forth in the offer document to be approved by the German Federal Financial Supervisory Authority. BNP Paribas provided bridge facility of more than ?300 million. Thomas Ingenhoven, Thomas Möller, Philipp Klöckner and Karoline König of Milbank LLP acted as legal advisor to BNP Paribas. Daniela Favoccia and Lucina Berger of Hengeler Mueller Partnerschaft von Rechtsanwälten mbB and Leo Borchardt and Christopher Diel of Davis Polk & Wardwell London LLP acted as legal advisor to United Internet.