Edipresse subsidiaries merge operations
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MC Ediciones and Focus Ediciones, a subsidiary of the Edipresse Group, have reached an agreement to merge their magazine operations in Spain. The merged company will be 70.1 per cent owned by the current shareholders of the MC Ediciones group and 29.9 per cent owned by the Edipresse Group.
The MC Ediciones group, based in Barcelona, was founded in 1985 and has more than 70 brands in its portfolio. Focus Ediciones publishes men’s magazines such as DT (Down Town) and FHM, as well as other high-end titles for men. Present on the Spanish market since 1992 and based in Madrid, it is 100 per cent owned by the Edipresse Group.
This transaction allows MC Ediciones to enter into the high-end men’s lifestyle segment and Focus Ediciones to draw on a Spanish publishing group.
Source: Edipresse |
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| Last Updated: Wednesday, 14 July 2010, 14:46 |
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