Tamedia completes takeover of Espace Media
Espace Media Groupe is now officially part of Zurich-based Tamedia. The acquisition of 80 percent of the shares was completed on Monday.
Espace Media Groupe is now officially part of Zurich-based Tamedia. The takeover of 80 percent of the shares was completed on Monday. The consequences of the merger have not yet been clarified. The new organizational structure of Tamedia will be decided by the end of the year, said company spokesman Christoph Zimmer on Tuesday. The future cooperation in the service sector will then be defined.
In addition to the completion of the takeover, Tamedia also carried out a capital increase on Monday, the company spokesperson confirmed to SDA in a report by the Reuters news agency. The 600,000 new shares are expected to be listed on the Swiss stock exchange on Wednesday. The capital increase was approved at an extraordinary general meeting at the end of June.
In addition to the completion of the takeover, Tamedia also carried out a capital increase on Monday, the company spokesperson confirmed to SDA in a report by the Reuters news agency. The 600,000 new shares are expected to be listed on the Swiss stock exchange on Wednesday. The capital increase was approved at an extraordinary general meeting at the end of June.
