TF1 confirms Axel Springer discussions

French broadcaster TF1 has confirmed it is in exclusive discussions with digital publishing house Axel Springer SE about the potential acquisition of  the latter’s indirect 78.43 per cent stake in aufeminin S.A., which offers digital products and subscriptions on topics such as fashion, beauty, lifestyle, cooking and health. The shares of aufeminin S.A. are listed on Compartment B of Euronext Paris stock exchange.

Releasing a Statement in response to rumours, TF1 said that whether or not an agreement will be reached by the negotiating parties as well as the terms of such an agreement would depend on the further progress of the discussions. “The conclusion of a binding share purchase agreement is as required by French law dependent on, inter alia, the prior implementation of an information and consultation procedure of the works councils of aufeminin S.A. and Télévision Française 1 S.A. Further, completion of a transaction would require clearance by the competent cartel authorities,” it said.

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