Switzerland’s Edipresse Group has sold its 33% stake in the Spanish magazine publishing company RBA Edipresse to its joint-venture partner RBA Holding. RBA Holding thus becomes 100% owner of RBA Edipresse.
The amount of the sale was not disclosed. The transaction still has to be formally submitted to the Spanish competition authorities for approval.
This transaction fits into the overall strategy of the Edipresse Group to disinvest from the Iberian market and the assets it does not control.
Edipresse will nevertheless remain present on the Spanish market through its subsidiary company Focus Ediciones SL and its participation in the commercial printer Rivadeneyra.
The Edipresse Group is an international media and communications company based in Switzerland. Active in newspapers, magazines and electronic publishing, the Group employs 2800 people and publishes over 180 titles and websites in 15 countries and territories.