Ringier and Springer put their Eastern eggs in the same basket

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

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Jim Townsend