Key Developments: Bertelsmann SE & Co KGaA (BTGGg.F)

BTGGg.F on Frankfurt Stock Exchange

19 Sep 2014
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Latest Key Developments (Source: Significant Developments)

Bertelsmann SE & Co KG aA Aims to Increase Sales to EUR 20 Billion by FY 2016 or FY 2017; Launches New Unit-Handelsblatt
Saturday, 19 Oct 2013 08:00pm EDT 

Handelsblatt reported that Bertelsmann SE & Co KG aA aims to increase its sales to EUR 20 billion by fiscal year 2016 or 2017, according to its Chief Executive Thomas Rabe. Rabe also announced that the Company will launch a unit dubbed Business Information that will supply companies with specialized digital information. The Company has said in the past that it expects revenues of EUR 18 billion in fiscal year 2014 and EUR 17 billion in fiscal year 2013.  Full Article

Fitch Ratings Affirms Bertelsmann SE & Co KG aA's BBB+ Rating; Outlook Stable-Reuters
Wednesday, 14 Aug 2013 07:18am EDT 

Reuters reported that Fitch Ratings has affirmed Bertelsmann SE & Co KGaA's Long-term Issuer Default Rating (IDR) and senior unsecured ratings at 'BBB+'. The Outlook is Stable. The Company's Short-term IDR has been affirmed at 'F2'.  Full Article

Bertelsmann AG Eyes EUR1.5 Billion From RTL Group SA Stake Sale-Reuters
Wednesday, 17 Apr 2013 04:55am EDT 

Reuters reported that Bertelsmann AG expects to raise as much as EUR1.6 billion ($2.1 billion) from the sale of a stake in RTL Group SA as it seeks to fund its growth ambitions. Bertelsmann set a price range of EUR54 to EUR62 per share for the secondary public offering of up to 23.2 million RTL shares, plus the optional sale of about 2.3 million depending on demand, RTL said ahead of its annual shareholders' meeting. The sale will increase the proportion of freely traded RTL shares to about 24% of the total and cut Bertelsmann's stake to about 76% from 92.3%. Deutsche Bank and Morgan Stanley are managing the public offering. BofA Merrill Lynch, Goldman Sachs, Citigroup and Credit Suisse are joint bookrunners. BNP Paribas, Petercam and Societe Generale are co-lead managers, and Lazard is financial adviser on the deal.  Full Article

Bertelsmann AG Eyes EUR1.5 Billion From RTL Group SA Stake Sale-Reuters
Thursday, 4 Apr 2013 02:23am EDT 

Reuters reported that Bertelsmann AG announced plans on Thursday to sell a stake in broadcaster RTL Group SA worth as much as EUR1.5 billion ($1.93 billion). Bertelsmann will cut its stake in the broadcaster to as little as 75% from 92.3% in a secondary placement, the Company said.  Full Article

Bertelsmann AG In Talks To Buy KKR Stake In BMG-Reuters
Wednesday, 20 Feb 2013 02:20pm EST 

Reuters reported that Bertelsmann AG is in advanced talks to buy out private equity firm KKR's majority stake in joint venture music rights management company BMG, the New York Post said, citing unnamed sources. The talks could still fall apart. Currently, KKR holds a 51% stake in BMG Rights, while privately held Bertelsmann, holds 49%.  Full Article

Bertelsmann AG Confirms FY 2012 Outlook
Tuesday, 13 Nov 2012 02:31am EST 

Bertelsmann AG announced that it continues to expect moderate revenue growth and a continued high Operating EBIT for the fiscal year 2012. In the fiscal year 2011, the Company‚Äôs businesses generated revenues of EUR 15.3 billion.  Full Article

Pearson PLC And Bertelsmann AG Announce Consumer Publishing Partnership
Monday, 29 Oct 2012 03:00am EDT 

Pearson PLC and Bertelsmann AG announced that an agreement to create consumer publishing organisation by combining Penguin and Random House. The combination brings together two English language publishers, with complementary skills and strengths. Under the terms of the agreement, Penguin and Random House will combine their businesses in a newly-created joint venture named Penguin Random House. Bertelsmann will own 53% of the joint venture and Pearson will own 47%. The joint venture will exclude Bertelsmann's trade publishing business in Germany and Pearson will retain rights to use the Penguin brand in education markets worldwide.  Full Article

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