German media group Axel Springer has dropped plans to bid for the Polish government’s stake in the publisher of newspaper Rzeczpospolita, it said on Wednesday.
Companies had until 1430 GMT on Wednesday to place their offers for a 49% of Presspublica. The majority stake in the publisher is owned by Britain-based Mecom. “We did not place a bid,” the spokesman for the German publisher’s Polish arm Michal Fijol said. He declined to elaborate.
Axel Springer publishes Poland’s best-selling tabloid daily Fakt as well as local broadsheet Dziennik and Polish version of Newsweek.
Poland’s treasury ministry received bids for the stake from Platforma Mediowa Point Group and Zjednoczone Przedsieborstwa Rozrywkowe, the publisher of tabloid Super Express, it said on its website. (Reuters)