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​Bauer's acquisition of Australia's Pacific Magazines is set to attract regulatory interest

( October 21, 2019, 00:51 GMT | Official Statement) -- MLex Summary: Australian media company Seven West Media has announced a deal to sell Pacific Magazines to Bauer Media, owned by Germany’s Bauer Media Group. In a statement to the Australian Securities Exchange, Seven West said the offer for its magazine company was worth A$40 million ($23.39 million today) and that the sale was expected to be completed by the end of the calendar year, subject to the approval of the Australian Competition & Consumer Commission. The competition regulator is already considering Seven West’s plan to acquire Prime Media Group, a broadcaster in regional areas, which was announced last week.Seven West Media's announcement to the ASX is attached. ...

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