Axel Springer Digital Classifieds France SAS intends to enter into an agreement to acquire Concept Multimedia S.A. from Spir Communication (LSE:0IXD) on April 25, 2017. Axel Springer Digital Classifieds France SAS entered into an agreement to acquire Concept Multimedia S.A. from Spir Communication on June 6, 2017. As reported, the enterprise value of Concept Multimédia is valued at €105 million and will be submitted to the works councils of the companies concerned and finalized once the French Competition Authority has approved the transaction. On February 1, 2018, the French Competition Authority granted unconditional clearance for the acquisition. The transaction is expected to be completed in September, 2017. As of February 1, 2018, final closing requirements are expected to be fulfilled for a definitive closing of the transaction at the beginning of February. Didier Théophile, Olivia Chriqui-Guiot and Constance Bocket of Darrois Villey Maillot Brochier and Mathieu Remy, OlivieJouffroy, Katerina Drakoularakou, François Farmine, Philippe Cazello, Alexandre Lagarrigue, and Britta Hardeck of Clifford Chance LLP acted as legal advisors and Ernst & Young LLP acted as an accountant to Axel Springer Digital Classifieds.