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Bauer Media Group and Grupo Perfil Internacional reach agreement for transfer of Chinese publisher

Bauer Media Group and Grupo Perfil Internacional reached an agreement for the transfer of the media operation the German company founded in the People’s Republic of China in 1990.

The company acquired by Perfil publishes and commercialises four magazines and a digital portal. While the transaction was signed in October 2015, it recently got approval from the Chinese authorities.

Perfil is already in charge of the operation, which continues the same direction given by the German media group.

Both companies are highly satisfied by the mutual confidence provided during the development of the negotiations and look forward to further cooperation in the media industry.

Bauer Media Group and Grupo Perfil are FIPP member companies.

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