Germany: First newspaper sale to foreign owners approved by cartel office
The German cartel office (Bundeskartellamt) has approved the takeover of newspaper publisher Berliner Verlag, publisher of daily newspaper Berliner Zeitung, by a consortium of Mecom and Veronis Suhler Stevenson, a U.S. equity form (see former postings (here and here). Cartel office President Ulf Boege said on Reuters, "The planned merger will not lead to the founding or the strengthening of a dominant market position in the relevant markets, since it does not entail any market share increases." It is the first sale of a German newspaper to foreign owners.
The Financial Times Deutschland reports that according to the plan of the new owners the Berliner Verlag should become the headquarters of a new media group that will buy further regional newspapers in Germany and Europe. But for the time being, the consortium will concentrate on the development of the Berliner Verlag.
Source: Reuters, Financial Times Deutschland
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I guess there is a mere political interest.