Led by their Frankfurt-based partner Michael Schlitt Hogan Lovells advised Deutsche Telekom AG on the placement of 1.8m Scout24 AG shares.

Deutsche Telekom placed the shares together with Willis Lux Holdings 2 S.à r.l. in liquidation, German BMEP Ord GmbH & Co. KG und MEP Ord GmbH & Co. KG in the course of an accelerated bookbuilding procedure at a price of 32 € per share with investors. This placement increased Scout24's free float since their flotation on the stock market.

Hogan Lovells for Deutsche Telekom AG:

Prof. Dr. Michael Schlitt (partner), Dr. Susanne Lenz (counsel), Sebastian Seibold (associate), Stefan Reitemeyer (associate, Capital Markets, Frankfurt);

John Basnage (partner), Mary Ma (associate, US-Law, London).

Inhouse Counsel Deutsche Telekom AG:

Dr. Jörn Torsten Biederbick, Dr. Alexander Elbracht