Sky completes full acquisition of Sky Deutschland
September 15, 2015
Sky has completed the acquisition of the remaining shares in Sky Deutschland. With 100 per cent ownership of Sky Deutschland, Sky says it is able to take full advantage of future growth opportunities across each of its five territories, and share strengths and expertise from across the group to serve customers better, accelerate innovation and grow faster.
Across the five countries in which Sky operates, the potential for growth is significant as 65 million households are yet to take pay TV. There are also substantial opportunities to launch new services and bring additional products to more customers.
Jeremy Darroch, Sky’s Group Chief Executive commented: “The full acquisition of Sky Deutschland is the latest step in creating an even stronger business for the future. The opportunity ahead is substantial and we have a strong platform on which to build and deliver benefits for customers and shareholders alike.”
Sky completed the acquisition of the remaining approximately 4 per cent minority shareholdings in Sky Deutschland on the morning of September 15th, with the cash compensation for the minority shareholdings set at €6.68 per share, in accordance with the requirements of the German Stock Corporation Act. Sky Deutschland will shortly be delisted from the Frankfurt Stock Exchange.