Homburger advises Axel Springer on the sale of its joint venture shares

Homburger acts as Swiss counsel to Axel Springer, a media and technology company active in more than 40 countries, in the acquisition of its shares by Ringiers in the joint venture Ringier Axel Springer Media, with subsidiaries in Estonia, Hungary, Latvia, Lithuania, Serbia and Slovakia. The joint venture between Axel Springer und Ringier in Poland will remain unchanged.  

The Homburger team is led by partner David Oser (corporate / m&a, pictured) and comprises partner Reto Heuberger (tax) and associates Kevin M. Hubacher, Marc Schamaun and Nicola Togni (all corporate / m&a). 

Axel Springer aims to increase its global market share in digital content and digital classifieds and will focus on the digital business in major strategic markets, including Germany, the US and Poland.  

The transaction is expected to close in the second half of 2021. Completion of the transaction is subject to applicable regulatory approvals and the satisfaction of other closing conditions.