United Internet CEO weighs raising stake to 51%

United Internet AG founder and CEO Ralph Dommermuth is considering making a voluntary offer to acquire an additional 17 million shares of the company for €35 per share in December.

The transaction would increase his stake in the company to 51% from 45.44%, according to a Nov. 4 statement.

Dommermuth has yet to make a final decision for the planned offer, which would depend on capital market conditions and other factors. Dommermuth is in discussions with a major international bank and has received a financing offer.

In the event that Dommermuth decides to issue a voluntary offer to United Internet shareholders, the offer will be subject to regulatory conditions.