German Freenet has confirmed that it will examine a potential merger with counterpart Drillisch, according to a media reports.
Freenet CEO Christoph Vilanek reportedly said the company will look into the option of a full takeover of its competitor,…
German Freenet has confirmed that it will examine a potential merger with counterpart Drillisch, according to a media reports.
Freenet CEO Christoph Vilanek reportedly said the company will look into the option of a full takeover of its competitor, giving in to market pressure. However the company wants to keep control over the timing for a potential offer, if it were to make one.
Vilanek underlined that no takeover talks are under way at this point.
Asked today, Drillisch Head of IR Oliver Keil declined to comment on the company’s view on a potential merger with Freenet. But Drillisch CEO Paschalis Choulidis reportedly said repeatedly in the past that a tie-up of the two rivals would be value creating.
Drillisch has been invested in Freenet for several years, and increased its stake from 15% to 22% in early May.