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Germany's Springer buys into France's Seloger.com

Germany's Springer buys into France's Seloger.com

German publisher Axel Springer AG says it is taking a 12.4 percent stake in French real-estate advertising portal operator Seloger.com and plans to make an offer for the whole company.
Springer's publications include Germany's mass-circulation Bild daily. It said late Thursday that it is buying the minority stake at (EURO)34 per share and plans to offer the same amount for all remaining outstanding shares.
The bid values Seloger.com at (EURO)566 million ($719 million). Springer's offer represents a premium of 13.3 percent over the French company's closing share price Thursday.
Seloger.com operates six real-estate advertising portals in France.


Updated : 2020-12-01 01:32 GMT+08:00