British Mecom Bids for Dutch Publisher

10 May 2007

LONDON: Media group Mecom is expanding its European empire with the acquisition of Dutch regional publisher Wegener for up to €806 million ($1.09bn; £547.7m). It already owns around 20% of the business.

Mecom is the UK-headquartered investment vehicle of ousted former Mirror Group ceo David Montgomery, and already has operations in Norway, Denmark, Germany, Poland, Sweden, Netherlands and the Ukraine.

The company has focused on continental European newspapers because they are cheaper with less reliance on advertising for revenue.

Data sourced from The Times Online (UK); additional content by WARC staff