Swisscom with Tamedia – held joint venture with Swisscom Directories completely takes over. Thus in 2015, the agreed purchase option is exercised.
For the 31 percent share of Tamedia, Swisscom pays 220 million Swiss francs, plus non-operation of the necessary liquid funds, such as the two company said on Wednesday. Swisscom already held 69 percent of the shares and is the sole shareholder.
The directory service Swisscom Directories (local search) in 2015 from the merger of local.ch and search.ch. On this merger, Swisscom and the publishing house Tamedia agreed upon in the framework of the Takeover of Publigroupe by Swisscom in the year 2015.
It had given to the two companies to each other or a sale or a purchase option for the shares of Tamedia in local search. These options are for mid-2018 exercisable. The closing of the transaction is to take place in the first quarter of 2019. (fal/sda)
Created: 19.12.2018, 08:06 PM
