Drillisch Doesn’t Rule Out Higher Freenet Stake, Boersen Says

Drillisch AG (DRI) Chief Executive Officer Paschalis Choulidis doesn’t rule out buying more shares of Freenet AG (FNTN), as losses carried forward by that company to reduce future tax liability wouldn’t be affected as long as Drillisch owns less than 30 percent, Boersen-Zeitung reported, citing an interview.

Freenet’s management has to retain “a certain capacity to act” on its dividend and the proposed payment of 80 cents is “not a bad sum,” Choulidis was cited as saying. While he reiterated that a merger of the two companies would be “value- creating,” there are “no talks” about a combination at present, according to Boersen-Zeitung.

To contact the reporter on this story: Cornelius Rahn in Frankfurt at crahn2@bloomberg.net

To contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11@bloomberg.net

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