Drillisch shareholders back United Internet takeover
July 26, 2017
Internet Service Providers | Maintal, Germany | Corporate Acquisition
Shareholders in telecommunications company Drillisch have approved its acquisition by United Internet. Nearly 98% of votes cast backed the takeover, which will also give Drillisch complete ownership of United's 1&1 Telecommunications in exchange for United taking a 73.1% stake in Drillisch. The two companies agreed a €2.8 billion deal in May. Drillisch will remain independently listed after it closes.