Europe: Axel Springer looking to invest
Posted by Lindsay Berrigan on April 2, 2007 at 1:29 PM
Axel Springer, Europe’s largest newspaper and magazine publisher, is seeking to spend more than €2bn to expand digitally and internationally.
Mathias Döpfner, chairman and CEO of Axel Springer, told the Financial Times that the group has three options for growth – organic launches, a few small acquisitions, or a “big transforming transaction.” Döpfner said that he would “love to buy businesses in need of restructuring.”
Source: Financial Times (registration required)
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€2bn ??? Wow!