Bloomberg News

Gruner + Jahr Transfers Printer Stake to Other Bertelsmann Unit

November 24, 2011

Nov. 24 (Bloomberg) -- Gruner + Jahr AG & Co KG has transferred its 37.45 percent stake in the printing joint venture Prinovis to Arvato AG, another Bertelsmann AG division, the company said in a statement.

Arvato now has a 74.9 percent stake in Prinovis while Axel Spinger AG has 25.1 percent, the statement said.

--Editors: Chris Peterson, James Kraus

To contact the reporter on this story: Allison Connolly in Frankfurt at aconnolly4@bloomberg.net.

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net.


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