ARTCOM MEDIA Agrees to Acquire AXEL Springer Russia to Further Grow its Publishing Portfolio in Russia, Particularly in the Business Segment

Moscow, RUSSIA (September 17, 2015) -- ARTCOM Media (a member of the ACMG group) today announced an agreement to acquire Axel Springer Russia. The portfolio consists of the brands FORBES, forbes.ru, finanz.ru, OK!, GEO and GALA Биография, among others. Axel Springer SE was active in Russia since 2004. The terms of the transaction were not disclosed.

In the next few weeks, CEO of Axel Springer Russia Regina von Flemming plans to take a 20% interest in the company. The negotiations are nearing their final stages. Beginning on January 1, 2016, Regina von Flemming is expected to assume the post of a CEO advisor.

Alexander Fedotov, President of the ACMG group, said: “ARTCOM Media is a very fast growing and developing media group in Russia. I am sure that the purchase of Axel Springer Russia will strengthen our position in the business sector. We look forward to integrating the very professional Axel Springer Russia team into ARTCOM to help continue our record of fast growth.”

Mike Federle, Chief Operating Officer of Forbes Media, said: “We look forward to working with Alexander Fedotov and the ACMG team to continue to build the Forbes brand in Russia. The team has a proven track record of producing great magazines both editorially and visually.”

Regina von Flemming, CEO of Axel Springer Russia, said: “My team and I are glad to have Alexander Fedotov as our new majority shareholder. I am sure that Forbes, OK! , GEO and Gala Биография will be a perfect addition to the ACMG portfolio.”

Mike Federle, Chief Operating Officer of Forbes Media, added: “We’re very pleased that the Publisher of Forbes Russia Regina von Flemming will continue to represent the Forbes brand as a minority shareholder of the new company.”

ARTCOM Media was founded in 2008 and is a member of the ACMG group. The company publishes fashion magazines like NUMERO and PORT, and leading architecture and design magazines such as INTERNI and OBJEKT Russia. It also publishes L’OFFICIEL magazine in Russia and Germany and the trend journal SNC. Web offerings, like trendspace.ru, sncmedia.ru and RussianDesignHub.ru, as well as publications about golf, like GOLF DIGEST, are also part of the company.

Press contacts:

Forbes Media
Mia Carbonell
+ 1 212.620.2288

Tel: + 7 495 248 13 50

Axel Springer Russia
Natalia Davydova
Tel. +7 495 107 90 75 (1225)

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