Dentons advises 1&1 on voluntary public acquisition offer in the form of a partial offer by United Internet

Global law firm Dentons is advising the Management Board and Supervisory Board of 1&1 AG in connection with a voluntary public acquisition offer in the form of a partial offer by United Internet AG with a volume of up to approximately € 300 million.

SDAX-listed 1&1 AG is a publicly listed German telecommunications provider based in Montabaur and operator of its own mobile network. Since 2017, the company has been majority-owned by United Internet AG, an Internet specialist publicly listed on the MDAX.

On 5 June 2025, United Internet AG published a voluntary public acquisition offer in the form of a partial offer for up to 16,250,827 shares of 1&1 AG not already directly held by United Internet AG (corresponding to approximately 9.19% of the share capital of 1&1 AG) at a price of € 18.50 per share. With this offer, United Internet AG intends to increase its current stake in 1&1 AG, which stands at around 80.81% of the share capital, and thereby consolidate its majority voting rights.

The Management Board and Supervisory Board of 1&1 AG have published a joint reasoned statement on 16 June 2025, pursuant to section 27 of the German Securities Acquisition and Takeover Act (WpÜG), on the offer made by United Internet AG, in which they assess, in particular, the appropriateness of the consideration offered, the objectives and intentions pursued with the offer, and the anticipated consequences for 1&1 AG.