Ringier buys out Axel Springer in several eastern European markets

Industry:    2021-07-29

Swiss publisher Ringier is buying out its partner Axel Springer in Hungary, Serbia, Slovakia, Estonia, Latvia and Lithuania, the two companies said on Wednesday, without disclosing financial details.

The joint venture between Ringier and Axel Springer in Poland will remain in place, in line with Springer’s investment focus on News Media on Germany, the United States and Poland, they said.

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