United Internet DE0005089031 wants to further increase its stake in the mobile operator 1&1 DE0005545503.

Through an offer to purchase approximately nine percent of the shares, the stake in 1&1's capital is to be increased from the current level of just under 81 percent to up to 90 percent, as the United Internet Group, listed on the MDax DE0008467416, announced in Montabaur on Friday. The 1&1 parent company is offering €18.50 for up to 16.25 million shares. In total, the maneuver could cost the group up to €300 million. In view of the investments planned for the expansion of the 1&1 mobile network in the coming years, a clear and stable shareholder structure is important. "At the same time, a free float of at least 10 percent should be maintained." This will continue to enable sufficient stock exchange trading. "The conclusion of a domination and/or profit and loss transfer agreement, a delisting, and/or a squeeze-out are not planned." 1&1 is currently listed in the SDax DE0009653386, as is Ionos DE000A3E00M1, another United Internet subsidiary.