Gruner + Jahr sells Russia ops to Springer
November 24, 2009German publisher Gruner + Jahr said that it is selling its Russian operations to Axel Springer AG after concluding that it would need to make too many expensive acquisitions to gain a leading market position.
Source
http://www.businessweek.com/ap/financialnews/D9C5RIKG0.htm
Related companies
Axel Springer AG
Gruner + Jahr AG & Co KG
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