Azet.sk founds new subsidiary United Classifieds s.r.o. for all its classifieds business

Zürich (ots) - United Classifieds becomes sole owner of
real-estate classifieds portal reality.sk / Akcionar s.r.o., a
company controlled by Penta Investments, invests in United
Classifieds

Effective December 1, 2015, Azet.sk, a company of Ringier Axel
Springer Slovakia, transferred all its classifieds business,
including 100% of Autovia s.r.o. and a 42.1% stake in Narks
Infoservis a.s., into the newly founded subsidiary United Classifieds
s.r.o. Subsequently, the new company acquired all outstanding shares
in Narks Infoservis a.s. - the operator of the real-estate
classifieds portal reality.sk - from Akcionar s.r.o. and thereby
became sole owner of reality.sk.

Furthermore, Akcionar, a company controlled by Penta Investments,
invested in United Classifieds s.r.o., becoming a 40% shareholder as
financial investor. Azet.sk will have sole operational control of
United Classifieds s.r.o. Its General Manager will be Katarina
Trnovcova, former Head of Classifieds and Small and Medium-sized
Businesses at Azet.sk.

Milan Dubec, CEO Ringier Axel Springer Slovakia and Azet.sk: "We
are eager to develop our assets in the classifieds business with this
new structure and to attract the best talent in the market. I
congratulate Katarina Trnovcova on her new role as General Manager of
United Classifieds and wish her much success."

Peter Andits, Investment Manager Penta Investments: "We see
significant potential in the field of classifieds. We consider United
Classifieds to be a good investment opportunity and trust in the
competence of Azet.sk to further develop this business."

Azet.sk's portfolio in classifieds consists of the
online-marketplace Bazar.sk, the real-estate classifieds portals
Nehnutelnosti.sk Byty.sk, Chaty.sk and Novostavby.sk as well as the
automotive classifieds sites Autobazar.sk, Autovia.sk, Noveauta.sk,
ABmanager.sk, and Autozor.sk.

About Ringier Axel Springer Media AG

Ringier Axel Springer Media AG was founded in 2010 by the Swiss
Ringier AG and the German Axel Springer SE and bundles the activities
of both shareholders in Central and Eastern Europe. The company
operates in the growth markets of Poland, Hungary, Serbia and
Slovakia with a broad range of media services, comprising more than
160 digital and print offerings. The company's registered offices are
in Zurich and it employs a total of around 2700 employees.

Press contact:
Alexandra Delvenakiotis
Head of Corporate Communications
Ringier Axel Springer Media AG
Phone +41 44 267 29 14
a.delvenakiotis@ringieraxelspringer.com
www.ringieraxelspringer.com