Ringier takes over 100 percent of Serbian business
Ringier, a Zofingen-based publishing house that has been operating in Serbia since 2003, has purchased all of its minority partner's shares. The company currently employs 477 people in the Balkan country.
Ringier now controls 100 percent of its publishing and printing business in Serbia. The Zofingen-based company acquired the shares on October 7, 2008 from its minority partner VCP Media Partners B.V. VCP had held a 25.1 percent stake in Ringier.d.o.o and Blic Marketing d.o.o since Ringier entered the market. Ringier has been active in Serbia since November 2003 and publishes a total of three newspapers there, including the country's most widely read daily newspaper, Blic. Ringier also owns two magazines, three websites, the distribution and subscription company Transpress and the printing company APM Print in Belgrade. Ringier Serbia currently employs 477 people.
