Bonnier AB and JP/Politikens Hus have signed a contract for common ownership of Denmark’s leading business daily, Børsen. Following the deal, Bonnier will own 50.1 percent and JP/Politikens Hus 49.9 percent.
In January 2016, Danish publisher JP/Politikens Hus signed an agreement to acquire leading Danish business daily Børsen from Bonnier. Following objections by the Danish competition authorities, the two companies have decided on a new deal where Bonnier will sell a minority stake. The agreement is based on the same valuation of Børsen in the original deal, which means that JP/Politkens Hus will acquire 49.9 percent of the paper for DKK 400 million.
“We’ve ended up with a very good deal for Bonnier,” says Tomas Franzén, CEO for Bonnier. “When we saw that the Danish competition authorities had objections to the sale, we made a decision together with JP/Politikens Hus to take a step back in order to find the best way forward for us, for them and for Børsen. The result is that we continue as majority owners and with control over a very successful and well-positioned media company, while the deal gives us increased financial resources of some SEK 500 million. It gives us extra playing room to continue investing in line with our strategy.”
Børsen is Denmark’s leading business daily and a platform for business and finance news. The company includes Børsen Associated Media which includes the Danish medical journal Dagens Medicin, an e-learning business and digital management handbooks.
For more information:
Tomas Franzén, CEO Bonnier AB, tel. +46 (0)8 736 40 51
David Salsbäck, Director of Communications, Bonnier AB, tel. +46 (0)8 736 40 47, email@example.com
Bonnier is an international multi-channel media group.