Deutsche Telekom has sold 13.2 million shares of Scout24 AG at the IPO executed yesterday at a price of EUR 30 per share, for total gross proceeds of around EUR 400 million.
Overall, Deutsche Telekom has, to date, obtained proceeds of EUR 2.1 billion out of the sale of Scout24 stakes.
Deutsche Telekom has concluded an agreement with Ströer SE for the sale of the online platform t-online.de and the digital marketing company InteractiveMedia CCSP GmbH.
With net revenue of EUR 721 million in the 2014 financial year, Ströer is one of the largest marketers of out-of-home and online advertising in Germany.
- November 11, 2014
The venture capital fund T-Venture, established in 1998, will be closed to new investments but the team will remain on board and continue to manage the existing portfolio. New investments will be executed through Deutsche Telekom Capital Partners.
As a hybrid fund, DTCP combines the strengths of a large corporate group with the speed and expertise of an investment fund.