Vodafone concludes Kabel Deutschland offer

15 Oct 2013

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.

Germany, Kabel Deutschland, Vodafone Germany, Vodafone Group