BERLIN (dpa-AFX) - Axel Springer SE (AXELF.PK) announced that it has acquired further 39% of the shares in Car&Boat Media. Closing is expected to take place in the coming weeks. As a consequence, Axel Springer takes over La Centrale completely.
The seller is a subsidiary of the French media enterprise Spir Communication. A respective agreement was signed on September 23, 2016.
Car&Boat Media, founded in 2007, has approximately 8 million monthly unique visitors across all its digital offerings - 3.2 million of these on La Centrale alone (Médiametrie, 6/2016). The company has been majority-owned by Axel Springer since 2014.
Andreas Wiele, President Marketing and Classified Ad Models Axel Springer SE: 'By taking over the company completely we continue to consistently expand the fast-growing segment of our classified ad models.'
François Couffy, CEO Car&Boat Media: 'We are pleased to belong fully to Axel Springer from now on and to contribute even more to the group's development.'
Copyright RTT News/dpa-AFX