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on Telefónica Deutschland Holding AG (isin : DE000A1J5RX9)

Telefónica Deutschland Announces Public Delisting Acquisition Offer

On March 20, 2024, Telefónica Deutschland Holding AG disclosed a significant corporate move, revealing a public Delisting Acquisition Offer extended to its shareholders by Telefónica Local Services GmbH. This wholly-owned subsidiary of Telefónica, S.A., headquartered in Madrid, Spain, aims to acquire all shares not already in its possession for EUR 2.35 per share. Shareholders are directed to the detailed offer document now available on the Bidder's official website.

In response to this offer, Telefónica Deutschland's Management Board and Supervisory Board asserted their commitment to thoroughly assess the offer document. They plan to publish a detailed statement after their evaluation, in congruence with legal requirements. This development follows an earlier announcement on March 7, 2024, about a Delisting Agreement signed between Telefónica Deutschland and the Bidder. Consequently, Telefónica Deutschland will seek the revocation of its shares from the regulated market, a process known as Delisting, in a timely manner following this offer's publication.

R. P.

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