Edipresse sells its stake in Rhône Média and Editions Le Nouvelliste
Edipresse sells its stake in the publishing company of the Valais newspaper Le Nouvelliste. The publishing house sells all its shares in Rhône Média SA and the company Editions Le Nouvelliste SA to the main shareholder of the Rhône Média Group, Jacques Lathion.
This was announced by Edipresse on Thursday, according to SDA. The amount of the sale remains confidential. The minority stake in Nouvelliste has lost its significance as part of the merger of the activities of Edipresse and Tamedia. Edipresse previously held a 37 percent stake in Rhône Média.
The sale of the Rhône Média Group has no impact on the agreements between Edipresse and Tamedia, the statement continues. As previously announced, Tamedia intends to take over Edipresse's Swiss business by 2013. Edipresse and Tamedia now want to concentrate on their main activities in the areas of printed and digital media.
Lathion became Rhône Média's main shareholder in spring 2009 through the acquisition of shares. Since then, he has controlled 60.16% of the capital together with Bernard Donzé, with whom he has concluded a shareholders' agreement. Lathion took over as Chairman of the Group in July. Rhône Média had hit the headlines due to problems with its pension fund, among other things. As a result, the CEO had to resign.
The sale of the Rhône Média Group has no impact on the agreements between Edipresse and Tamedia, the statement continues. As previously announced, Tamedia intends to take over Edipresse's Swiss business by 2013. Edipresse and Tamedia now want to concentrate on their main activities in the areas of printed and digital media.
Lathion became Rhône Média's main shareholder in spring 2009 through the acquisition of shares. Since then, he has controlled 60.16% of the capital together with Bernard Donzé, with whom he has concluded a shareholders' agreement. Lathion took over as Chairman of the Group in July. Rhône Média had hit the headlines due to problems with its pension fund, among other things. As a result, the CEO had to resign.
