German Federal Cartel Authority granted approval for the purchase of four online advertising companies

The German Federal Cartel Authority granted approval to Ströer Out-of-Home Media AG for the purchase of four online advertising companies. As stated in the press release dated 17 December 2012, the acquisitions will comprise adscale GmbH, Ströer Interactive GmbH, freeXmedia GmbH und Business Advertising GmbH. The approval was provided without any conditions. Thereby the most important prerequisite for the acquisitions has been fulfilled. The formal completion of all other closing tasks is still expected at the beginning of the second quarter of 2013.