Sale of Publicitas to Aurelius closed
Lausanne, 1 July 2014 - As previously communicated, the sale of Publicitas, the media sales division of PubliGroupe, to the German company Aurelius was closed by 30 June 2014 afterPubliGroupe shareholders and competition authorities gave their approval and all formalities for the transaction were fulfilled. The transaction was announced on 2 April 2014.
As of 1 July 2014, Publicitas becomes a company of Aurelius, a publicly listed company traded on the Munich stock exchange. Aurelius is taking over Publicitas with all its associated companies in Switzerland and abroad as well as the 49% participation in xentive SA. All employees and all contractual duties are also assumed, in particular vis-À-vis media providers, advertisers and agencies.
The transaction will result in a one-time write-off for PubliGroupe of around CHF 30-40 million, which will impact PubliGroupe's net result for 2014. For the operating results in the first half of 2014 for which the Publicitas results are still taken into account, PubliGroupe is anticipating a positive result.
For more information:
Beat W. Werder
Head of Corporate Communications
Tel.: + 41 21 317 72 15
Investor Relations & Corporate Communications
Tel.: +49 (89) 544799 - 0
Fax: +49 (89) 544799 - 55
AURELIUS has been successfully operating in the international market for company acquisitions for many years. The focus is on companies and corporate spin-offs in markets with plenty of potential for development. Once under the AURELIUS umbrella, the acquisitions are given a long-term strategic orientation and their potential developed. Building on active operational support, the subsidiaries benefit from the management experience and financial strength of the parent company. This is what makes AURELIUS a "good home" for companies and their employees. At present, the AURELIUS Group encompasses 17 subsidiaries around the globe with facilities in Europe, Asia and the United States. Among others, these include traditional names like Blaupunkt and Berentzen together with numerous industrial enterprises. Companies are acquired in accordance with strict investment criteria, although there is no specific industry focus. Shares of AURELIUS AG are listed in the m:access segment of the Munich Stock Exchange and are traded on all German stock exchanges under ISIN DE000A0JK2A8.
News release (PDF)