24 Mar 2010
Ringier AG and Axel Springer AG will combine their operations in five Eastern European countries in a new company to be headquartered in Zurich. Each partner will hold 50 percent of the new company.
Combined, both companies showed Eastern European sales on a pro-forma basis 2009 totaling approximately €414 million (CHF 601 million) an EBITDA of €62 million (CHF 89 million). With 4,800 employees