TITLE

Conglom back in family

AUTHOR(S)
Meza, Ed
PUB. DATE
May 2006
SOURCE
Daily Variety;5/26/2006, Vol. 291 Issue 40, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Bertelsmann AG is buying back a 25 percent stake in its conglomerate company from Groupe Bruxelles Lambert, a Belgian holding company. The amount of stake amounted to 5.7 billion dollars, which eventually give the former a total control of the latter. According to Bertelsmann, it plans to sell off its BMG Music Publishing Co. division for the repayment of an initial loan provided by several banks to finance the deal.
ACCESSION #
21110122

 

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