Axel Springer/Ringier - Joint Venture: Joint investment in Eastern Europe
Axel Springer still sees a lot of potential in the digital media sector in Eastern Europe. Together with Ringier, a three-digit million sum is now to be invested there.
The company wants to step on the gas and create the corresponding supply, both through organic growth and acquisitions. Axel Springer's Chief Financial Officer, Lothar Lanz, said this in an interview with Finanz und Wirtschaft. The investment is expected to be in the low to mid three-digit million range.
They are very happy to be able to invest in Eastern Europe together with Ringier, Lanz continued. However, there are no further plans for cooperation beyond this. Lanz sees the planned IPO for the joint venture with Ringier taking place in the next three to five years. The new company will be one of the largest media companies operating in Eastern Europe. However, the development of the overall economy and the company must also be kept in mind.
www.handelszeitung.ch
They are very happy to be able to invest in Eastern Europe together with Ringier, Lanz continued. However, there are no further plans for cooperation beyond this. Lanz sees the planned IPO for the joint venture with Ringier taking place in the next three to five years. The new company will be one of the largest media companies operating in Eastern Europe. However, the development of the overall economy and the company must also be kept in mind.
www.handelszeitung.ch
