"The European Commission has granted clearance under the EU Merger Regulation to the acquisition of joint control of JV, a newly created undertaking constituting a joint venture by Gruener+Jahr International Publishing Holding GmbH (G+J) of Germany, belonging to the German Bertelsmann group, and Vecerniji List d.d. (Vecernji) of Croatia, belonging to Styria Medien AG (Styria), of Austria," the EC said in a press release issued on its web site on Monday.
"G+J is a holding company for the management and coordination of subsidiaries and licences. Its immediate parent company, Gruener+Jahr KG (G+J KG) is active in publishing newspapers and magazines within the German Bertelsmann group. Bertelsmann publishes newspapers, magazines and books. Vecernji is active in Croatia publishing newspapers and one magazine title. Styria, its parent company, publishes newspapers and magazines in Austria and Slovenia."
"G+J and Vecernji will create and jointly control JV to which they intend to transfer the one magazine title currently published by Vecernji and some publishing rights of various other titles. JV will publish these magazines in the Croatian language, will sell them mainly in Croatia and will develop new concepts for magazines to be published in Croatia. The operation was examined under the simplified merger review procedure." the press release said.