What Bauer paid for ACP magazine grab
Documents filed with the Companies Office reveal Bauer’s major magazine grab of ACP Media in New Zealand cost $28.26 million.
The private German company has made several big media plays in New Zealand, picking up many major consumer titles following its acquisition of ACP in 2012.
Bauer’s New Zealand branch filed its first ever financial statements with the Companies Office earlier this month. They show through a complicated transaction, $28.26 million was paid for the acquisition of ACP Media.