Ringier and Springer may merge in the Czech Republic
Die Verlagshäuser Ringier und Axel Springer dürfen ihre Aktivitäten in Tschechien zusammenlegen. Das gab das tschechische Kartellamt (ÚOHS) am Montag bekannt.
Edi Estermann, Head of Communications at Ringier Switzerland, confirmed a corresponding report by Czech Republic Online to Werbewoche on Monday. With the approval of the Cartel Office, Ringier and Axel Springer have come one step closer to their goal of merging their businesses in East-Central Europe. According to Estermann, no objections are expected from other competition authorities. The publishing houses announced their merger plans in March of this year. The new company, based in Zurich, is to bundle the foreign activities of both companies in Eastern Europe. Axel Springer will contribute the business of its subsidiaries in Poland, the Czech Republic and Hungary, while Ringier will contribute its business in Serbia, Slovakia, the Czech Republic and Hungary.
