A joint statement from Mediahuis and Aachener Verlagsgesellschaft (AVG) that was published on Monday (27 September) said the two companies are conducting “far-reaching negotiations” over the possible deal.
In the event of a successful completion of the talks, Mediahuis will become the main shareholder (70%) of AVG’s main operating subsidiary Medienhaus Aachen, publisher of the Aachener Zeitung and Aachener Nachrichten newspapers.
Talks between the two companies “are progressing in a constructive and trustful atmosphere” and both parties expect to conclude the negotiations soon.
The possible takeover is said to fit in with Mediahuis’ European growth plans and would enable the group to expand its geographical footprint into the German-Dutch border region.
Aachener Verlagsgesellschaft CEO Andreas Müller said: “For many decades, the newspapers in the European city of Aachen have maintained a close exchange with the Mediahuis-owned newspapers in neighbouring Dutch Limburg and Belgian Limburg.
“Mediahuis and AVG share the conviction that strong and independent journalism is crucial for sustaining democracy. We both see potential in regional media markets and the need for effective strategies. So it feels quite natural to shape a sustainable future together.”
Mediahuis group CEO Gert Ysebaert added: “Our growth ambition is clear: we want to evolve further as a leading European media player. After the development of our group in Belgium, the Netherlands, Ireland and since last year, Luxembourg, the expansion of our activities into the German region of North Rhine-Westphalia is a logical next step.
“Not only does the area fit in geographically with our existing activities, but in Aachener Verlagsgesellschaft we have also found a strong potential partner with strong brands and people who can offer great added value to our portfolio and organisation.
“I am looking forward to welcoming the people of Medienhaus Aachen to our group and to working with them on a sustainable future.”
Employing 400 staff, excluding distribution, and turning over around £69.1m, Medienhaus Aachen’s portfolio includes print, digital media, radio, printing, logistics, events, and postal services.
Mediahuis has 4,500 staff and a turnover of more than £860m. As well as the Belfast Telegraph, it publishes the Irish Independent and Sunday Independent.
AVG and Mediahuis said they would communicate on the outcome of the negotiations “as soon as possible”.
