Ringier Axel Springer merger operational

Ringier and Axel Springer Eastern Europe joint venture “Ringier Axel Springer Media AG” became operational on 1 July 2010. The Eastern European operations of both companies are now part of this new company.

Antitrust authorities in Poland, Serbia, Slovakia, Czech Republic, Switzerland, Germany and Austria have already approved the merger. The decision of antitrust authorities in Hungary is still pending.

Operations in Poland, Czech Republic, Serbia, Slovakia and Hungary will be part of  the new company, among those free Serbian daily 24 Sata.

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