Vodafone makes bid for Kabel Deutschland
The Local · 12 Jun 2013, 15:07
Published: 12 Jun 2013 15:07 GMT+02:00
"Vodafone Group Plc notes the recent speculation regarding a potential offer for Kabel Deutschland Holding AG and confirms that it has made a preliminary approach to KD regarding a possible offer for the company," the British group said in a short statement.
"There is no certainty that any offer will ultimately be made nor as to the terms on which any such offer might be made," Vodafone added.
In reaction, Vodafone shares slumped 5.20 percent to 182 pence in London, while in Frankfurt Kabel Deutschland surged 6.92 percent to €79.90 in early deals.