04-02-2019News

Segment change: Philion stock now listed on the regulated market of Düsseldorf Stock Exchange

A team led by Boris Dürr and Dr. Thorsten Kuthe, both Partners at Heuking Kühn Lüer Wojtek, advised mobile service provider Philion SE in its move from OTC trading to the regulated market at Düsseldorf Stock Exchange. Munich-headquartered Small & Mid Cap Investmentbank AG (SMC) is the applicant bank. The securities prospectus was approved by the Federal Financial Supervisory Authority on March 22, listing on the regulated market commenced on March 29.
 
Admission to the regulated market provides Philion the opportunity to expand its capital market presence and increase transparency for investors. The mobile service provider will also intensify its capital market communication and present its growth-oriented buy-and-build strategy in the German telecommunications market to investors at roadshows and capital market conferences. 
 
Berlin-based Philion SE offers telecommunications services and aims to become one of the three leading network-independent mobile service providers. Philion intends to unite online and offline sales and will offer its customers a world of experience around mobile communications, Smart Home and IoT (Internet of Things) products under the DEINHANDY brand within the omni channel strategy. At the turn of 2017/18, Philion had acquired Fexcom GmbH with some 1660 stores in Germany. DEINHANDY, Germany’s most successful online platform for mobile communications and digital life, was acquired in December 2018.

 Counsel to Philion SE
Heuking Kühn Lüer Wojtek:

Boris Dürr (Lead), Munich
Dr. Thorsten Kuthe (Lead), Cologne
Meike Dresler-Lenz,
Sascha Beck, both Cologne
Fabian Becker, LL.M. (Univ. of Westminster), Munich

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