Axel Springer’s public tender offer for all outstanding shares of has been cleared

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Axel Springer’s public tender offer for all outstanding shares of has been cleared

To press release overview

The French Securities Regulator (Autorité des marchés financiers or AMF) has cleared the offer of Axel Springer for all outstanding shares of, the leading French property classifieds portal. Axel Springer offers all shareholders of EUR 34.00 per share in cash, valuing the company at a total of EUR 566 million.

The AMF will set the timetable for the public tender offer shortly. With the approval of the transaction by the French Competition Authority on November 3, 2010, the offer has become unconditional.

Ralph Büchi, President Axel Springer International at Axel Springer AG: “Now the decision is solely up to the shareholders of They have the opportunity to sell their shares at a price of EUR 34.00 per share and realize an attractive cash consideration.”

Büchi added: “We continue to believe that we can be a valuable shareholder for Axel Springer has considerable digital expertise, a reach throughout all major European markets and strong financial capabilities. We will therefore be able to support in its further development both in France and abroad, in case the management team of the company should decide to pursue a strategy of internationalization.”

Axel Springer already holds a 12.4 percent stake in acquired from a group of shareholders, including the founders Amal Amar and Denys Chalumeau as well as other members of the supervisory board and the management board.

This press release is available in German, English and French for downloading on .

The offer document is available on the website of Axel Springer ( ) and the Autorité des marchés financiers ( ) and may be obtained free of charge from BNP Paribas (4 rue d'Antin, 75002 Paris).

This communication is for informational purposes only. It is not the extension of a tender offer for any securities nor an offer to purchase, sell or exchange (or the solicitation of an offer to sell, purchase or exchange) any securities in any jurisdiction, including the United States. There may be no such offer (or solicitation), purchase, sale or exchange of any securities, and the tender offer referred to herein may not be extended, in any jurisdiction outside the French Republic, where it would be unlawful absent prior registration, filing or qualification under applicable laws, including the United States, Canada, Italy and Japan.  The distribution of this communication may be restricted by law in certain jurisdictions.  Accordingly, persons in whose possession it comes are required to inform themselves of and observe any such restrictions.

Press contact: Christian Garrels
Tel: +49 30 2591 77651
Investor contact: Daniel Fard-Yazdani
Tel: +49 30 2591 77425