United Internet Says Resolved To Make No Further Investments In Holding Company Kublai GmbH

Reuters06-15

United Internet AG :Today Resolved To Make No Further Investments In Holding Company Kublai Gmbh.United Internet Expects Non-Cash Impairment Loss On Investment In Kublai Of Around Eur 185 Million In Its Hy Financial Report 2024.United Internet- Waiving Its Right To Increase Stake In Kublai To 40% Again After It Was Diluted To Around 5% In Course Of Capital Increase In Q1 2024.Convinced That Valuation Of Tele Columbus Ag On Which Capital Increase Is Based Is Significantly Too Low.United Internet- Will Now Initiate Contractually Stipulated Anti-Dilution Proceedings And Arrange For An Arbitration Court To Review Msi'S Valuation.United Internet - If Court Follows Co'S Opinion Based On Valuation Commissioned Before Capital Increase, Co Entitled To Compensation Amount Of Approx Eur 300 Million.

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