The Executive Board of Axel Springer AG has decided to start preparations for a conversion of the company into a European Company (Societas Europaea/SE).With the conversion into a European legal form Axel Springer AG intends to underline and facilitate the European and international market focus of the company. As a SE the Company shall still be governed by a two-tier management system consisting of an Executive Board and a Supervisory Board.
The conversion will not affect the rights of shareholders and employees. The company’s headquarters remains in Berlin.
The shareholder’s meeting on 24 April 2013 shall decide on the conversion based on the corresponding proposed resolution of the Executive Board and the Supervisory Board. It is intended to complete the conversion before the end of the year.
Axel Springer is a leading integrated multimedia company in Europe with a broad spectrum of print and digital media.
Established by the publisher of the same name in 1946, today Axel Springer is Germany’s largest newspaper and third-largest magazine publisher as well as one of the leading European media enterprises.
The company has founded or acquired strong online classified ad portals, such as the virtual car showroom autohaus24.de, and Germany's leading real estate marketing portal immonet.de among others.