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Springer grandchildren sell stakes in KKR

2019-09-15T17:40:37.406Z


The offspring of the publisher Axel Springer support the takeover offer of the financial investor KKR. They cancel 3.7 percent of the company shares - for 250 million euros.



The grandchildren of the publisher Axel Springer, Ariane Melanie and Axel Sven Springer, sell 3.7 percent of the company shares in the context of the takeover offer of the financial investor KKR. So far, they together held 9.8 percent.

The negotiations for a KKR entry into the media group Springer had become known end of May, the offer runs until 21 August. With the takeover by the US investment company Springer CEO Mathias Döpfner hopes for a better implementation of its long-term digital growth strategy. To Springer belong among other things the marks "picture", "world" and "BZ".

Already last week, the investor had received significantly more shares with 27.8 percent of the shares, as he had stated in the offer. KKR offers a price of 63.00 euros per share. Thus, the now-sold share package of Springer grandson, according to calculations of the news agency Reuters a value of 250 million euros.

The family of the "image" founder Axel Springer holds a majority in the MDax listed media group. Friede Springer owns 37.5 percent of the publishing company Axel Springer. In addition, there is a directly held share of 5.1 percent. Her confidant Döpfner holds 2.8 percent. Together with KKR, they thus come to more than 75 percent of the shares.

Source: spiegel

All business articles on 2019-09-15

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