Axel Springer closes the sale of its stake in aufeminin group to Télévision Française 1

Press Release: 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.

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