Fairness opinion in relation to the integration of 1&1 Telecommunication SE into Drillisch AG under the umbrella of United Internet AG.


Hogan Lovells advised Bank of America Merrill Lynch on a fairness opinion in relation to the integration of 1&1 Telecommunication SE into Drillisch AG under the umbrella of United Internet AG.

The transaction’s implementation is carried out via two capital increases by Drillisch for shares in 1&1 Telecommunication SE as a contribution-in-kind and includes a voluntary public tender offer for Drillisch by United Internet. This will create a strong fourth player in the German telecommunications market alongside the three major full-service providers. Subject to merger control approval, the entire transaction is expected to be completed at the end of 2017.

Hogan Lovells-Team for Bank of America Merrill Lynch

Prof. Dr. Michael Schlitt (Picture), Christian Schröder, Carlos Landschein (Research Assistants, Capital Markets, Frankfurt);

Dr. Tim Brandi (Partner, Corporate/M&A, Frankfurt).

Involved fees earner: Michael Schlitt – Hogan Lovells; Christian Schröder – Hogan Lovells; Carlos Landschein – Hogan Lovells; Tim Brandi – Hogan Lovells;

Law Firms: Hogan Lovells;

Clients: Bank of America Merrill Lynch;