Bertelsmann acquires Jahr Holdings stake in G+J

G+JInternational media owner Bertelsmann is increasing its ownership of Gruner+Jahr to 100 per cent by acquiring Jahr Holding’s 25.1 per cent shareholding.

The transaction was agreed among Gruner+Jahr’s shareholders, and approved by the Bertelsmann Supervisory Board at its meeting on 6 October. Bertelsmann’s acquisition of the remaining shares in Gruner+Jahr will become effective on 1 November 2014. The purchase price is being paid in cash, and the parties have agreed not to disclose the amount.

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