Legal takeover is approved: Prinovis becomes wholly owned subsidiary of Bertelsmann

The EU Commission has approved for the remaining 25.1 percent of shares in Prinovis, belonging to the former partner Axel Springer, to be taken over by Bertelsmann. As a result, Prinovis is now a wholly owned subsidiary of Bertelsmann.

For employees and customers of Prinovis, this change will have no visible impact. The company’s locations, management and service portfolio will remain as before. All in all, the simplified ownership structure will enable Prinovis to react more swiftly in the marketplace.

Please also see press release from October 5, 2015.