Noerr has advised the Bauer Media Group on the sale of its interests in its Russian publishing companies to its current Russian management. The portfolio sold by BMG consists of interests in five Russian entities and around 90 magazines in total.
The Bauer Media Group, which is headquartered in Hamburg, is Europe's largest magazine publisher.
Earlier this year Noerr advised Bauer on the sale of the Interia Group to the Polsat Group (as reported by CEE Legal Matters on May 5, 2020) and on the sale of its Romanian publishing business to Ringier (as reported by CEE Legal Matters on May 12, 2020).
Noerr’s team on the Russian deal included, in Moscow, Partner Bjorn Paulsen, Associated Partners Stefan Wolfgang Weber and Viktor Gerbutov, Counsels Olga Mokhonko and Vyacheslav Khayryuzov, Senior Associates Polina Galtsova, Artjom Kara, and Anna Fufurina, and Associate Yulia Baimakova; and, in Hamburg, Partners Volker Land and Karsten Metzlaff, Associated Partner Simone Schoenen, and Senior Associate Markus Broesamle.
Noerr was unable to provide more information on this matter.