Ringier Axel Springer Media AG acquires majority in leading Slovakian internet portal AZET.SK




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17.12.10

Ringier Axel Springer Media AG acquires majority in leading Slovakian internet portal AZET.SK

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Ringier Axel Springer Media AG, one of the leading media companies in Central and Eastern Europe, has acquired through its Slovakian subsidiary a 70 percent stake in the provider of the Slovakian web portal AZET.SK. The horizontal internet portal AZET.SK operates a number of different websites and online services. Founded in 1997, the company reaches more than 75 percent of Slovakian internet users (approx. 1.9 million unique users) and is the country's online market leader.

Florian Fels, CEO of Ringier Axel Springer Media AG: “With our stake in AZET.SK, we have instantly acquired a leading position in Slovakia's online market, which is expected to grow by up to 25 percent over the coming years according to current forecasts. This portal with its wide range of content is an excellent fit with our strong media brands and products, as well as an ideal addition to our current portfolio in Slovakia. I am especially delighted that the existing management team with the four AZET founders will remain with AZET and support the ongoing process of innovation and digitalization launched by Ringier Axel Springer Media AG in Central and Eastern Europe.”

Milan Dubec, founder and CEO of AZET.SK: “In Ringier Axel Springer Media we have found the right partner for AZET with a strong interest in a strategic partnership. Our common goal is to continue expanding our online business and strengthen AZET's market position. We are looking forward to this promising collaboration.”

In the current Deloitte ranking of the fastest growing technology companies in Central Europe, AZET.SK is in eighth place over all and in first place in Slovakia (Technology Fast 50 Central Europe 2010).

About Ringier Axel Springer Media AG:
Ringier Axel Springer Media AG is a leading multimedia company in Central and Eastern Europe with activities in Poland, Czech Republic, Slovakia and Serbia. Based on strong and successful media brands like FAKT, BLESK, NOVÝ CAS and BLIC, Ringier Axel Springer Media AG is a dynamic association of independent enterprises. Focused on growth and digitization, the wide-ranging portfolio makes Ringier Axel Springer Media AG the region’s market leader in the segment of widely circulated tabloid dailies and one of the biggest magazine publishers.

Ringier Axel Springer Media AG is a joint venture founded by Swiss Ringier AG and German Axel Springer AG in 2010 to bundle their international activities in Central and Eastern Europe. Ringier Axel Springer Media AG extends the strong position of the two shareholdes substantially in these growth markets, with more than 100 print titles and more than 70 online offerings. Based in Zurich, Switzerland, Ringier Axel Springer Media AG is the leading media company operating in Central and Eastern Europe with revenues of EUR 414 million, an EBITDA of EUR 62 million and about 4,800 employees.

Press contact: Christian Garrels
Tel: +49 30 2591 77651