Edipresse sells Edimpresa stake to Impresa
Edipresse, a publishing house based in western Switzerland, has sold its 50-percent stake in Edimpresa, a magazine publisher operating in Portugal, to its joint-venture partner, Impresa.
The western Swiss publishing house Edipresse has sold its 50 percent stake in the magazine company Edimpresa, which operates in Portugal, to its joint venture partner Impresa. The transaction is still subject to the approval of the competition authorities. The price was not disclosed in Thursday's announcement. The joint venture structure was no longer considered optimal in the current market conditions, in particular due to declining newsstand sales. Impresa had offered Edipresse "good" conditions for the takeover of its own share, the press release continued.
Edipresse has been present in Portugal since 1992. The company publishes 180 titles worldwide and operates Internet portals in 14 countries. In Switzerland, the publishing house publishes Le Matin, 24 heures and Tribune de Genève, among others.
Edipresse has been present in Portugal since 1992. The company publishes 180 titles worldwide and operates Internet portals in 14 countries. In Switzerland, the publishing house publishes Le Matin, 24 heures and Tribune de Genève, among others.
