A ridiculously low price for Weltwoche?
According to a report in the latest issue of WOZ, Weltwoche editor-in-chief and majority shareholder Roger Köppel is said to have paid just 1.2 million francs for his 60 percent majority stake.
Weltwoche editor-in-chief and majority shareholder Roger Köppel is said to have paid just 1.2 million francs for his 60 percent majority stake, reports the WOZ in its current issue. The owner, Jean Frey AG, is transferring Weltwoche to the newly founded Weltwoche Verlags AG for a fixed price of 2 million, in which it will retain a 40 percent stake. 1.2 million is a bargain, writes WOZ. Five years ago, Tito Tettamanti and other investors paid over 70 million for the entire Jean Frey AG, including an estimated 25 million for Weltwoche. Lawyer Martin Wagner, representative of Jean Frey and Weltwoche Verlags AG, did not confirm the sums mentioned. However, he emphasized to the WOZ that the publishing rights to Weltwoche are not or not yet in Köppel's possession. These are still worth an estimated five to ten million francs. For the time being, Jean Frey AG and Roger Köppel also controlled each other. Wagner and Köppel could only sign jointly for Weltwoche Verlags AG.
