BUZZ-United Internet up in early trade after it sells Versatel to 1&1
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United Internet’s (UTDI.DE) stock rises 3% in early Frankfurt trade after the German mobile and broadband provider sold its 1&1 Versatel division to 1&1 AG (1U1.DE) for around 1.3 billion euros ($1.5 billion)“Should be a touch above enterprise value. Also, a possible source of concern, why the group starts to shift around some assets,” a local trader saysThe stock is at the top of Germany’s mid-cap (.MDAXI) index in early Frankfurt trade($1 = 0.8684 euros)
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