Disclaimer :

The Competition DG makes the information provided by the notifying parties in section 1.2 of Form CO available to the public in order to increase transparency. This information has been prepared by the notifying parties under their sole responsibility, and its content in no way prejudges the view the Commission may take of the planned operation. Nor can the Commission be held responsible for any incorrect or misleading information contained therein.

SECTION 1.2

Description of the concentration

G+J International Publishing Holding GmbH ("G+J"), an Austrian limited liability company having its registered seat at Parkring 12, 1010 Vienna, Austria, and

Sanoma Magazines International B.V. ("SMI") is a Dutch limited liability company having its registered seat at Jachthavenweg 124, 1081 KJ Amsterdam, the Netherlands

intend to set up a joint venture (the "JV"), which will publish magazines in the Eastern Adriatic region. At an initial stage, the JV's activities will be limited to Slovenia, Croatia and Serbia-Montenegro.

G+J is a company of the Bertelsmann Group. SMI is part of the SanomaWSOY group of companies. Both G+J and SMI are active, directly and/or indirectly, in the business areas of creation, production and publication of magazines.

The transaction does not give rise to any reportable markets.

G+J and SMI share a strong belief in a prosperous future of the Adriatic region in the mid term. The undertakings concerned however are of the opinion that a presence on these rather small markets would be more profitable if they were able to take advantage of synergies flowing from access to a broader range of magazines.