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Provider: Reuters Investment Profile
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Provider: Edison Investment Research

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Axel Springer AG's Subsidiary Axel Springer Digital Classifieds Acquires Immoweb

Tuesday, 6 Nov 2012 05:18am EST 

Axel Springer AG announced that its subsidiary Axel Springer Digital Classifieds has acquired 80% of the shares of the Belgian property portal Immoweb. A share purchase agreement regarding the acquisition of 80% of the shares in IMMOWEB S.A. from members of the Rousseaux family and Produpress S.C.A. was concluded on November 6, 2012. The purchase price amounts to EUR 127.5 million. Christophe Rousseaux, who will continue to manage Immoweb as CEO, and two other family members retain a 20% participation in the Company. 

Company Quote

-0.05 -0.11%
15 Aug 2014