CMS Hasche Sigle advised Georg von Holtzbrinck on the restructuring of its shareholding in PIN
Group AG (Luxembourg). Axel Springer AG will assume the majority in PIN Group AG.
Corresponding agreements have been signed with the co-shareholders of PIN Group AG, Georg von
Holtzbrinck, WAZ Mediengruppe and Rosalia AG, which were also founder-shareholders of the joint
venture.
By virtue of these transactions Axel Springer AG's share in PIN Group AG has increased from the
present 23.5 % to initially 71.6 %. Axel Springer paid a purchase price of EUR 510 million to
acquire the shares. Verlagsgruppe Georg von Holtzbrinck still has a 5 % interest in PIN Group AG.
However Axel Springer's share in PIN Group AG will fall to around 63.7 % by September 2007 as a
result of various increases in share capital. The transaction is subject to clearance by the
Federal Cartel Office.
Advisers to Georg von Holtzbrinck GmbH & Co. KG, Stuttgart
CMS Hasche Sigle
Dr Thomas Meyding (M&A / Corporate)
Dr Maximilian Grub (M&A / Corporate)
Dr Harald Kahlenberg (Competition)
Dr Werner Walk (Employment)
Associates
Dr Ulrich Thiem
Dr Florian Hofer (both M&A / Corporate)
Contact CMS Hasche Sigle:
Dr Thomas Meyding
Tel. +49 (0)711 9764-388
E-mail:
Thomas.Meyding@cms-hs.com
Dr Maximilian Grub
Tel. +49 (0)711 9764-322
E-mail:
Maximillian.Grub@cms-hs.com
About CMS Hasche Sigle:
CMS Hasche Sigle is one of the leading German law firms with more than 480 lawyers. It covers
the entire area of commercial law and provides legal advice to major German and international
companies from a wide spectrum of industry. It has offices in Berlin, Cologne, Duesseldorf,
Frankfurt, Hamburg, Leipzig, Munich, Stuttgart, Chemnitz, Dresden, Brussels, Belgrade, Moscow and
Shanghai.
CMS Hasche Sigle is a partnership of lawyers and tax consultants; for register details / list of
partners see
www.cms-hs.com
CMS Hasche Sigle is a member of CMS, an alliance of leading independent European law firms. With
over 595 partners, a total of 2,000 lawyers and tax consultants and around 4,200 support staff we
advise our clients at commercial locations in 48 business centres in Europe and further afield on
legal and tax issues.
In addition to CMS Hasche Sigle, the following firms are also members of the CMS alliance: CMS
Adonnino Ascoli & Cavasola Scamoni (Italy), CMS Albiñana & Suárez de Lezo (Spain), CMS
Bureau Francis Lefebvre (France), CMS Cameron McKenna LLP (Great Britain), CMS DeBacker (Belgium),
CMS Derks Star Busmann (the Netherlands), CMS von Erlach Henrici (Switzerland) and CMS
Reich-Rohrwig Hainz (Austria). CMS has 58 offices in 25 countries around the world.
For further information on CMS Hasche Sigle see
www.cms-hs.com and on the CMS alliance see
http://www.cmslegal.com.
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