Pestalozzi advises Ringier on its acquisition of 100% of Scout24 Switzerland from Deutsche Telekom and Hellman & Friedman
Ringier Digital AG, a wholly owned subsidiary of Ringier AG, has acquired all the shares of Scout24 International Management AG, whose registered offices are in Baar in the Swiss canton of Zug and which will now be renamed Classifieds Business Beteiligungs- und Verwaltungs AG. As a result of this transaction, Ringier Digital AG is now the sole shareholder in the Scout24 Switzerland group of companies with leading Swiss classified-advertisement marketplaces AutoScout24, MotoScout24 and ImmoScout24. Full consolidation of Scout24 Switzerland will enable Ringier Digital to contribute more than CHF 200 million to Ringier's consolidated revenues in 2014. Pestalozzi has been advising Ringier in respect of all legal aspects of the transaction.