4.7 Events after the balance sheet date

AdUnit AG

Goldbach Group AG acquired a 100 per cent stake in AdUnit AG from Swisscom (Schweiz) AG for CHF 3.0 million in cash on 13 January 2023. With its software solution for agencies, publishers and SMEs, AdUnit AG is a complementary addition to the Goldbach Group and supports its ongoing digital development. No details on the assets and liabilities that were acquired as part of the initial consolidation can be provided as audited financial statements are yet to be produced.

Berner Oberland Medien AG

Schaer Holding AG is acquiring G. Mauerer AG’s 50 per cent stake in Berner Oberland Medien AG (BOM) for CHF 3.25 million, of which CHF 0.75 million will be in cash and CHF 2.5 million through the acquisition of a loan debt from BOM. As the transaction requires the approval of the Federal Competition Commission, Schaer Holding AG has not yet acquired control of the company. Therefore, no details on the assets and liabilities that would be acquired as part of a first-time consolidation can yet be provided.

Clear Channel/Neo Advertising AG

The Goldbach Group is acquiring 100 per cent of Clear Channel International Ltd.’s shares in Clear Channel Holding AG and its interests (Clear Channel Schweiz) with its Swiss out-of-home (OOH) advertising business for CHF 86.0 million in cash and a variable purchase price component yet to be determined. As the transaction requires the approval of the Federal Competition Commission, the Goldbach Group has not yet acquired control of the company. Therefore, no details on the assets and liabilities that would be acquired as part of a first-time consolidation can yet be provided.

The Goldbach Group already holds a 52.3 per cent stake in Neo Advertising AG. Once its acquisition of Clear Channel Schweiz is complete, Goldbach Group will acquire the remaining shares in Neo Advertising AG and merge the company with Clear Channel Schweiz. The purchase price of the shares attributable to non-controlling interests is performance-dependent and is estimated at around CHF 35 to 40 million. It will be paid out in the years 2025 to 2027.