DGAP-Adhoc: Axel Springer SE: Joint venture between real estate portals Immonet and Immowelt led by Axel Springer Digital Classifieds




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11.02.15

DGAP-Adhoc: Axel Springer SE: Joint venture between real estate portals Immonet and Immowelt led by Axel Springer Digital Classifieds

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Axel Springer SE / Key word(s): Mergers & Acquisitions/Strategic Company Decision

11.02.2015 08:22

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 11.02.2015

Ad-hoc-notification pursuant to § 15 WpHG

Joint venture between real estate portals Immonet and Immowelt led by Axel
Springer Digital Classifieds

Today, Axel Springer Digital Classifieds entered into an agreement with the
shareholders of real estate portal Immowelt regarding the formation of a
joint venture between Immowelt group and Immonet group which belongs to
Axel Springer Digital Classifieds. After the implementation of several
purchase and contribution agreements, both real estate portals will be held
by the new Immowelt Holding AG. Axel Springer Digital Classifieds will be
the majority shareholder (55 percent) in the joint venture. The other 45
percent will be held by the current shareholders of Immowelt AG. Axel
Springer Digital Classifieds has granted several option rights to the other
shareholders to sell their shareholding in the joint undertaking to Axel
Springer Digital Classifieds in connection with the transaction. The
transaction is based on an aggregate valuation of both undertakings in the
amount of EUR 420 million. In connection with the formation of the new
structure Axel Springer Digital Classifieds will pay an aggregate purchase
price to the shareholders of Immowelt in the amount of circa EUR 131
million. The combination of both portals offers an opportunity for Axel
Springer Digital Classifieds to sustainably improve its competitive
positioning in the German market segment for real estate portals.

The transaction is subject to approval of the competent antitrust
authorities.

Axel Springer SE
Axel-Springer-Straße 65
D-10888 Berlin



Investor Relations contact:
Claudia Thomé / Daniel Fard-Yazdani
+49 (0)30 2591-77401
ir@axelspringer.de


11.02.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: Axel Springer SE
Axel-Springer-Straße 65
10888 Berlin
Germany
Phone: +49 (0)30 2591-77421
Fax: +49 (0)30 2591-77422
E-mail: ir@axelspringer.de
Internet: www.axelspringer.de
ISIN: DE0005501357, DE0005754238
WKN: 550135, 575423
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart

End of Announcement DGAP News-Service

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Investor contact: Claudia Thomé
Tel: +49 30 2591 77421