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Publigroupe SA sells participation in Freie Presse Holding AG to NZZ Mediengruppe

Monday, 5 May 2014 01:30am EDT 

Publigroupe SA:Says it is selling its minority participation of 25.07 pct in FPH Freie Presse Holding AG to AG fur die Neue Zurcher Zeitung (NZZ-Mediengruppe), which already holds the remaining 74.93 pct of the company's capital.The transaction amount comes to 53 million Swiss franc.Due to the April 17 preannouncement of a public tender offer from Tamedia AG for PubliGroupe Ltd and the resulting legal situation, this transaction must still be approved in due time by an extraordinary general meeting of PubliGroupe.PubliGroupe had communicated its intention to sell some time ago, as the participation in FPH is no longer of strategic importance to PubliGroupe following its reorientation.Says, via FPH, the NZZ-Mediengruppe owns the regional publishing companies St. Galler Tagblatt AG and the LZ Medien Holding AG with their regional newspapers, online platforms as well as TV and radio channels.