Axel Springer SE (DB:SPR) signed an agreement to acquire the remaining 39% stake in Car&Boat Media SAS from Spir Communication (ENXTPA:SPI) for approximately €69.5 million on September 23, 2016. Spir Communication will use the sale proceeds to fund the acquisition of the Adrexo division. The transaction is expected to be completed in the coming weeks.

Axel Springer SE (DB:SPR) completed the acquisition of remaining 39% stake in Car&Boat Media SAS from Spir Communication (LSE:0IXD) in the fourth quarter of 2016.