Vodafone says German regulators approve Kabel proposal

Vodafone Group’s proposal to buy German cable company Kabel Deutschland received approval by the country’s financial regulators, clearing one hurdle for the €7.7 billion deal.

30th July, 2013
Acquiring Kabel Deutschland would give Vodafone access to the German company’s 8.5 million connected households.

Vodafone Group’s proposal to buy German cable company Kabel Deutschland received approval by the country’s financial regulators, clearing one hurdle for the €7.7 billion deal.

Kabel Deutschland shareholders may decide on the €87 per-share offer, which includes a €2.50-euro dividend, by September 11th, the Newbury, England-based company said in a statement today as it releases the offer documents. As of today, Vodafone has a 4.2 per cent stake in Kabel Deutschland.

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