Edipresse Tamedia merger approved

The Swiss Federal Competition Commission (COMCO) today approved the merger between Swiss publishers Edipresse and Tamedia without conditions according to a press release by both publishers.

Tamedia will first acquire 49.9% of the share capital of Presse Publications SR S.A. (PPSR) at the beginning of 2010. PPSR comprises the main media activities of Edipresse in Switzerland.

Tamedia will increase its holdings by another 0.2% in 2011 and take over the remaining shares in 2013. In return Edipresse will receive Tamedia’s capital shares, thus becoming a major shareholder of the company.

As a result both free dailies in the French speaking part of Switzerland will merge, meaning in fact that Le Matin Bleu will close down, 20 Minutes will be “very likely” the new title of the remaining paper, according Edipresse’s CFO Michel Preiswerk in an interview in the Handelszeitung.

One Response to “Edipresse Tamedia merger approved”

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