Axel Springer Auto Verlag buys more shares in

21 Jun 2012
Axel Springer Auto Verlag, publisher of Germany’s leading editorial auto portal, increased its stake in new-vehicle portal from 19.9 percent to 50 percent, the company announced yesterday. has no links to, or the Scout24 Group. Axel Springer Auto Verlag bought the shares from national vehicles rental company Sixt AG, which now holds the other 50

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Christo Volschenk

Christo Volschenk is managing editor of the news on and our senior analyst covering Naspers. He brings more than 31 years of experience in business journalism to the team - the last 18 years focused on classifieds and e-commerce. Apart from working closely with the AIM Group, Christo is a freelance journalist, content manager, and copy editor. Before branching out on his own, he spent 15 years with Naspers in South Africa as journalist, economics editor and online project manager. He now spends most his day editing the news reported by 23 colleagues in 23 countries from his base in Stuttgart, Germany.