Vodafone concludes Kabel Deutschland offer

Vodafone Group has announced that it has completed the voluntary public takeover offer for German cable operator Kabel Deutschland. The British company now holds 76.57% of the share capital of Kabel Deutschland, which has a network serving around 8.5 million households in 13 out of 16 federal states. Last month Vodafone secured the minimum 75% shareholder acceptance for its EUR7.7 billion (USD10.1 billion) purchase of the German cableco and the deal was subsequently approved by the European Commission. The UK-based firm now intends to enter into a domination and profit and loss transfer agreement with Kabel Deutschland.