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    AXELF   DE0005501357

AXEL SPRINGER SE

(AXELF)
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Ringier AG agreed to acquire remaining 50% stake in Ringier Axel Springer Media AG from Axel Springer SE (OTCPK:AXEL.F).

07/28/2021 EST

Ringier AG agreed to acquire remaining 50% stake in Ringier Axel Springer Media AG from Axel Springer SE (OTCPK:AXEL.F) on July 28, 2021. In Slovakia, Ringier Axel Springer Media AG founder will remain a minority shareholder. The successful joint venture between Ringier and Axel Springer in Poland will remain unchanged. Completion of the transaction requires the approval of the competent local antitrust authorities. The acquisition of the shares should be completed over the course of 2021. David Oser and Reto Heuberger of Homburger AG acted as legal advisor for Axel Springer SE.


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Financials
Sales 2019 3 112 M 3 530 M 3 530 M
Net income 2019 99,6 M 113 M 113 M
Net Debt 2019 1 953 M 2 215 M 2 215 M
P/E ratio 2019 75,9x
Yield 2019 1,66%
Capitalization 7 066 M 8 585 M 8 015 M
EV / Sales 2018 2,11x
EV / Sales 2019 2,78x
Nbr of Employees 16 120
Free-Float -
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Income Statement Evolution
Managers and Directors
Mathias D÷pfner Chief Executive Officer
Julian Deutz Chief Financial & Human Resources Officer
Ralph Max BŘchi Chairman-Supervisory Board
Stephanie Caspar President-Technology & Data
Friede Springer Deputy Chairman-Supervisory Board
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