Axel Springer SE
Axel Springer SE: Exclusive discussions on the sale of the stake of Axel Springer SE in aufeminin S.A.
Axel Springer SE / Key word(s): Mergers & Acquisitions/Strategic Company Decision Axel Springer SE is in exclusive discussions with Télévision Française 1 S.A. about the potential sale of its indirect 78.43% stake in aufeminin S.A. aufeminin-group offers digital products and subscriptions on topics such as fashion, beauty, lifestyle, cooking and health. aufeminin-group is part of the Marketing Media segment of Axel Springer SE. The shares of aufeminin S.A. are listed on Compartment B of Euronext Paris stock exchange. Whether or not an agreement will be reached by the negotiating parties as well as the terms of such an agreement will depend on the further progress of the discussions. The conclusion of a binding share purchase agreement is as required by French law dependent on, inter alia, the prior implementation of an information and consultation procedure of the works councils of aufeminin S.A. and Télévision Française 1 S.A. Further, completion of a transaction would require clearance by the competent cartel authorities. Axel Springer SE
11-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Axel Springer SE |
Axel-Springer-Straße 65 | |
10888 Berlin | |
Germany | |
Phone: | +49 (0)30 2591-77421 |
Fax: | +49 (0)30 2591-77422 |
E-mail: | ir@axelspringer.de |
Internet: | www.axelspringer.de |
ISIN: | DE0005501357, DE0005754238, DE000A2AABZ9 |
WKN: | 550135, 575423, A2AABZ |
Indices: | MDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |