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Freenet AG subsidiary signs shares acquisition agreement


Monday, 16 Dec 2013 01:57pm EST 

Freenet AG:Says that its wholly owned subsidiary, freenet Cityline GmbH, has signed a purchase agreement to acquire all shares in Jesta Digital GmbH, Jesta Digital Holdings, Inc. and Jesta Digital Group U.S. Holdings, Inc.Says the acquisition is subject to the usual regulatory approvals and the transaction is expected to close early in the year 2014.Says the parties have agreed to keep the purchase price confidential and once regulatory approval has been obtained, the business activities of the Jesta Digital Group are to be consolidated in the Other/Holding segment as from the completion of the transaction. 

Company Quote

19.52
-0.215 -1.09%
15 Aug 2014