Bayard itself remains a minority shareholder with a 5.55 percent stake. This is intended to keep the company independent and rooted in the Upper Valais, says Bayard.
The purchase price will be financed by a vendor loan from Fredy Bayard, Valaiscom, which operates the Upper Valais cable network, and a loan from the Cantonal Bank of Valais, according to a statement on Wednesday. It will be amortized over a portion of future profits within the next few years, according to a statement Wednesday.
In 2018, Bayard had taken over Mengis Druck und Verlag AG, which in turn acquired a majority shareholding in local radio station RRO a year later. In 2020, the pomona app was launched as a joint product of the Valaisan messenger1815 and Radio Rottu Oberwallis (RRO).
"After Mode Bayard, Valmedia and Terre & Nature in Lausanne, this is my fourth management buyout. I have had good experience with this type of succession arrangement so far," Bayard is quoted as saying in the statement.
Dem Bieler Tagblatt A development similar to that of the Walliser Boten. A management buyout is one of several options there, Bayard told the Keystone-SDA news agency on Wednesday. However, it is not yet that far. The Biel-based media group Gassmann, which owns the Bieler Tagblatt and the Journal du Jura publishes, had purchased Bayard as of January 1, 2021. (sda.)
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Among other things, Zuber was a member of the management of Norske Skog before working independently as a consultant and then joining Stutz Druck as deputy managing director. The board of directors of Mengis Druck is pleased to have found an experienced industry expert in Kurt Zuber, in order to successfully master the future challenges.