United Internet AG announced that Sedo Holding AG, a listed company in which
it holds a 79.45% shareholding, had recognized non-cash-effective extraordinary impairment charges for goodwill of EUR 60.3 million.
United Internet noted that these write-downs were necessitated in particular by a significant change in expectations with regard to Domain Parking business.
Due to consolidation of the Sedo figures, United Internet said it will disclose non-cash-effective extraordinary impairment of EUR 46.3 million in its consolidated financial statements. The company added that other business divisions are developing as planned.
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by RTT Staff Writer
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