Hengeler Mueller advises United Internet on Tele Columbus capital increase

21. May 2021

Tele Columbus AG, one of Germany's leading fibre network operators, has successfully implemented the capital increase in a gross amount of approximately EUR 475 million. All offered 146,109,887 shares were either subscribed for based on the exercise of subscription rights or based on the acquisition of unsubscribed shares by Kublai GmbH, the majority shareholder of the company, pursuant to a backstop agreement. As a major shareholder in Kublai, United Internet AG participated in the capital increase.

Hengeler Mueller advised United Internet on the transaction. The team included partners Daniela Favoccia, Lucina Berger (both Corporate) and Wolfgang Groß (Capital Markets) as well as associate Mauritz Rogier (Corporate) (all Frankfurt).