Business News

Public tender offer for SeLoger.com completed: Axel Springer hold 98.7 percent of the shares

Thursday 24. March 2011 - Take over of the leading property classifieds online portal in France / Core business of online classifieds significantly strengthened / Squeeze out of the Paris-listed company planned

The public tender offer of Axel Springer for all outstanding shares of SeLoger.com SA has been completed successfully. In addition to the 74.2 percent already held by Axel Springer after the first period, the offer was accepted by the shareholders of SeLoger.com representing 24.5 percent of the shares of the company during the reopened offer. Accordingly, Axel Springer will hold 98.7 percent of the shares of the leading property classifieds online portal in France. Furthermore a delisting and a squeeze out of the Paris-listed company is planned.
Dr. Mathias Döpfner, Chief Executive Officer of Axel Springer AG: “The acquisition of the leading French property online portal is an important milestone for Axel Springer. With SeLoger.com we effectively strengthen our activities in online classifieds marketplaces, one of the three focus areas of our digitization strategy. Both companies are excellent positioned for the future – I am especially looking forward to further collaboration with the excellent management team and the highly motivated employees.”
Roland Tripard, Chief Executive Officer of SeLoger.com: “I am happy with the issue of the tender offer. Together with the management team, we are convinced that the arrival of SeLoger.com in the Axel Springer Group will trigger opportunities for combining our outlook and developments.”