Edipresse Group sells its stake in RBA Edipresse to its JV partner RBA Holding

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ACQUISITION 
FDN Database Reference:  F231109-274
 
Acquirer:  RBA Holding Editorial S.A.
ACQ Web:  http://www.rba.es/
Location:  Spain, Barcelona
Region:  Europe
Description:  Media Group
Category:  Media
Contact:  Enrique Iglesias Montejo, RBA Holding CEO  
 
Vendor:  Edipresse Group
Vendor Web:  http://www.edipresse.com
Location:  Switzerland
Region:  Europe
Description:  International media and communications company based in Switzerland. Active in newspapers, magazines and electronic publishing, the Group employs 2800 people and publishes over 180 titles and websites in 15 countries and territories.
Category: Media
Contact:  Michel Preiswerk, CFO Edipresse Group
 
Aprox. Value:  Undisclosed
 
Details:  “Edipresse Group has sold its 33% stake in the Spanish magazine publishing company RBA Edipresse to its joint-venture partner RBA Holding. RBA Holding thus becomes 100% owner of RBA Edipresse. The amount of the sale was not disclosed. The transaction still has to be formally submitted to the Spanish competition authorities for approval. This transaction fits into the overall strategy of the Edipresse Group to disinvest from the Iberian market and the assets it does not control.

 
Link: Press Release

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