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.
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