“Bobby Paunescu and the management of Ringier Romania came to an agreement to transfer ownership of daily Evenimentul Zilei and the Capital magazine to the newly-founded Evenimentul & Capital publishing company. The transfer refers both to the print and online versions and will kick off as soon as the Competition Council approves it,” reads the cited source.
Service agreements were concluded in parallel, so that the two media brands will further benefit from the synergy with Ringier Romania under the management of Claudiu Serban, who is appointed general manager of the new entity.
“Through this investment, the shareholder pursues a strengthened position in an increasingly convergent market, thus adding to B1 television channel and daily Gazeta de Sud two historic brands with a powerful presence in the publishing and online business, specifically Evenimentul zilei and Capital,’ the release also mentions.
The transfer will include the two brands and all their satellites, and the newspapers’ online extensions and editorial teams. According to the same source, both Ringier Romania and Evenimentul & Capital Publishing Company agreed to keep the deal price confidential.