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Ad hoc announcement pursuant to Art. 53 LR

In-depth examination by the Swiss Competition Commission of Tamedia's takeover of the Ricardo Group

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Zurich, 9 June 2015 – The Swiss federal Competition Commission will conduct an in-depth examination of the planned takeover of the Ricardo Group by Tamedia. Since Tamedia has previously not been engaged in the core business of the Ricardo Group and in view of the intense competition in the e-commerce and free classifieds markets the Swiss media group continues to expect that the competition authority will approve the takeover. A decision is anticipated in the fall.

 

Further information:
Christoph Zimmer, Head Corporate Communications Tamedia
Phone +41 44 248 41 35, e-mail [email protected]

 

Further information about Tamedia
Tamedia is a Swiss media group headquartered in Zurich. With its daily and weekly newspapers, magazines, online platforms and printing facilities Tamedia is a leading media enterprise in Switzerland. Tamedia’s digital services are combined under the roof of Tamedia Digital. Tamedia Digital is pursuing ambitious growth targets and is considered to be the growth driver of the media group. Tamedia was established in 1893 and has been traded at the Swiss stock exchange since 2000.
Further information: www.tamedia.ch

 

Further information about Ricardo
ricardo.ch was established in November 1999 in Baar (Canton Zug) and has been part of the South African media group Naspers since 2008. In the past 15 years ricardo.ch has grown into one of the foremost brands in the Swiss online market. With over 2.3 million registered members and annual sales of over CHF 660 million, ricardo.ch is the clear leader in the Swiss e-commerce market. The Ricardo Group, operating under the umbrella of ricardo.ch Ltd headquartered in Zug, has around 190 employees in Switzerland and a development team of 30 in France. In 2014 the company generated sales of approximately CHF 40 million.
Further information: www.ricardo.ch

 

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Press Release (PDF)