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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: Plunkett Research, Ltd.

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United Internet AG to Purchase 25.1% Stake at VictorianFibre Holding & Co. S.C.A.

Wednesday, 14 Nov 2012 06:39am EST 

United Internet AG announced that it has decided to exercise its option to purchase 25.1% of shares in the parent company of Versatel AG, VictorianFibre Holding & Co. S.C.A., a company belonging to funds managed by Kohlberg Kravis Roberts & Co. L.P. (together with its associated companies 'KKR'). The shares are to be purchased in December 2012 by exercising the option and converting the vendor loan (amounting to EUR 59.8 million) granted at the time to KKR as part of the sale into shares in Versatel's parent company. 

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