Source: Axel Springer in English
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Axel Springer has closed today the sale of its stake in aufeminin group to Télévision Française 1 S.A. (TF1). The aggregated purchase price of Axel Springer’s around 78 percent stake amounts to EUR 291.5 million. This corresponds to a multiple of around 15 based on consolidated EBITDA 2017 attributable to Axel Springer shareholders. The purchase price includes also the contractual agreed interest payments made by TF1 to Axel Springer.
aufeminin and its subsidiaries offer online portals, forums and product subscriptions for predominantly female target groups. In Germany, aufeminin operates the women portal gofeminin, the health portal Onmeda as well as the subscription box service My Little Box. The shares of aufeminin S.A. are listed on Compartment B of Euronext Paris stock exchange.
Dr. Andreas Wiele, President Classifieds Media Axel Springer SE: “With Axel Springer as majority shareholder, the reach, revenues and earnings of the aufeminin group have quadrupled. At the same time, the business has moved away from our strategic core areas Content and Classifieds by focusing strongly on e-commerce. Therefore, by completing this economically very attractive transaction, TF1 is going to be a good new owner for aufeminin. I sincerely thank the management team under the excellent leadership of Marie-Laure Sauty de Chalon and the whole team for many years of extremely successful and pleasant cooperation.”