MIL OSI – Source: Axel Springer in English – Press Release/Statement
Headline: Axel Springer plans take-over of French real estate portal Logic-Immo
On 25th April 2017, Axel Springer Digital Classifieds France has announced its intention to enter into an agreement with French media group Spir Communication SA (“Spir”) with the aim of taking over Spir’s subsidiary Concept Multimédia (main activity: Logic-Immo). The deal would value Concept Multimédia at EUR 105 million (cash/debt free) and will be submitted to the works councils of the companies concerned and finalized once the French Competition Authority has approved the transaction.
Concept Multimédia is based in Aix-en-Provence and Paris and runs Logic-Immo.com, a real estate portal in France, as well as print publications with real estate ads and dedicated online portals for luxury real estate and new builds. Logic-Immo.com reaches 2.9 million people per month (source: Médiamétrie, unique visitors, January 2017).
About Axel Springer Digital Classifieds France
Axel Springer Digital Classifieds France is the holding company for the French classifieds activities of Axel Springer which apart from the real estate portal SeLoger also include Car&Boat Media, the company behind the well-known French car classifieds portal La Centrale and a number of other web offerings in the car and boat space.