United Internet AG Sells 1&1 Versatel to 1&1 AG

United Internet AG has announced the intra-group sale of its subsidiary, 1&1 Versatel GmbH, to 1&1 AG, in which United Internet holds a significant stake of 86.46%. The transaction is set at approximately EUR 1.3 billion, with the potential for adjustments based on 1&1 Versatel's performance between 2027 and 2029. These adjustments could vary the price by up to EUR 300 million, to be settled in 2030.

As part of the transaction, 1&1 AG will assume all assets and liabilities of 1&1 Versatel, including a EUR 950 million loan obligation. The financial settlement will involve offsetting claims and shareholder loans, thus not resulting in any immediate cash inflow for United Internet. The economic effect takes place from the end of November 30, 2025. An independent expert has validated that the transaction terms are fair and comparable to a third-party agreement.