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dpa-AFX Wirtschaftsnachrichten GmbH

dpa and APA take over the Thomson Reuters share in dpa-AFX

Frankfurt/Main (ots)

dpa and APA announced today that they
acquired Thomson Reuter's shareholding in the real time financial 
news agency dpa-AFX.
Under the agreement Thomson Reuters sold its 34% shareholding in 
the joint venture to the remaining partners, the German news agency 
dpa and the Austrian agency APA who increase their holdings to 76% 
and 24% respectively.
Terms of the sale were not disclosed however the parties expressed
their long term commitment to the business and continuation of 
existing supply relationships.
The change in structure follows the integration into Reuters of 
the German editorial staff who previously produced the English 
language financial news for Thomson Financial and were based in 
dpa-AFX's Frankfurt headquarters.
"After the Thomson acquisition of Reuters we produced 
English-language financial news from Frankfurt in two editorial 
offices, Reuters and dpa-AFX", said Andrew Meagher, Head of Real Time
Financial Publishing at Thomson Reuters.
"The English news production by dpa-AFX was the main reason to be 
a shareholder of the joint venture and now that the former AFX (TFN) 
staff has been transferred to Reuters we satisfied the wish of dpa 
and APA to sell our share to both German language agencies, 
particularly since both Reuters and dpa-AFX also offer 
German-language services", added Meagher.
"dpa-AFX will continue on its successful course as a platform and 
vendor-independent business", said dpa CEO Malte von Trotha. "So, I 
am happy that we increased dpa's share. We will continue to provide 
investors with accurate and rapid information concerning market 
news", von Trotha added.
Peter Kropsch, Managing Director of APA, said: "dpa-AFX is a very 
important partner for the news provision for our clients in the 
domestic financial market. With increasing its stake APA takes a 
further step to strengthen its long-term cooperation with dpa-AFX. 
This is a decision of major strategic relevance."
dpa-AFX was founded in 1999 by its two major shareholders, dpa and
AFX News Ltd. (London), to produce real-time German and 
English-language financial news in Frankfurt. The AFP financial news 
subsidiary AFX was taken over in 2006 by the Canadian financial group
Thomson. In the spring of 2008, Thomson acquired financial news and 
information provider Reuters.
dpa-AFX Wirtschaftsnachrichten GmbH is one of the leading news 
agencies for German language real time financial news. dpa-AFX 
provides independent, reliable and fast news for institutional and 
private investors. dpa-AFX is a business-to-business news supplier to
financial institutions and media companies which then distribute 
dpa-AFX News over their intranets, web pages or terminals. dpa-AFX 
news are used by exchange traders, brokers, fund managers and 
financial advisors, as well as on company intranets by a wide variety
of users. dpa-AFX news are available via numerous platforms such as 
Bloomberg, IDMS, vwd group or Teletrader. For more information, go to
www.dpa-afx.de.
dpa Deutsche Presse-Agentur is a trusted, accurate and independent
provider of news with the digital and multimedia content to power the
media at home and abroad. Our customers benefit from the extensive 
global network of correspondents and editors maintained by Germany's 
leading news wire. News gathering is completely free of outside 
influence which in turn guarantees that coverage lives up to the 
strict requirements of the dpa charter: This document lays down that 
reporting must be free of bias and unfettered by political, economic 
or governmental ideologies. Print media, radio stations, online and 
mobile communication providers in more than 100 countries rely on 
this journalistic excellence around-the-clock. For more information, 
go to www.dpa.com.
APA - Austria Press Agency is the country's national news agency 
and the leading information service provider for Austria. Austrian 
newspapers and the ORF TV and Radio network own the agency. The 
APA-Group includes the APA news agency, as well as ten subsidiaries. 
Its work focuses on the areas of a news agency, photo agency, 
information management, and information technology. The APA editorial
departments supply real-time news service in word, image, graphics, 
audio and video. APA Finance, the Austria Press Agency's unit for 
high-value information on finance, has been providing 
well-substantiated news about the capital market and market-relevant 
economic issues for years. The subsidiaries offer dissemination, 
research, and knowledge management services, as well as information 
technology solutions. The APA-Group targets its work towards 
professional users (information managers, PR experts) in the fields 
of media, politics, public authorities, and economics. APA fulfils 
its duties independent from the state, governmental, and political 
party influences and in accordance with the principles of 
reliability, speed, balanced information and avoidance of any 
one-sidedness and party influence. For more information, go to 
www.APA.at.
Thomson Reuters is the world's leading source of intelligent 
information for businesses and professionals.  We combine industry 
expertise with innovative technology to deliver critical information 
to leading decision makers in the financial, legal, tax and 
accounting, scientific, healthcare and media markets, powered by the 
world's most trusted news organization. With headquarters in New York
and major operations in London and Eagan, Minnesota, Thomson Reuters 
employs more than 50,000 people in 93 countries. Thomson Reuters 
shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto
Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and 
Nasdaq (NASDAQ: TRIN). For more information, go to 
www.thomsonreuters.com.
Pressekontakt:

Pressekontakt:

dpa Deutsche Presse-Agentur GmbH
Justus Demmer
Spokesperson
+49/40/4113-32510
Demmer.Justus@dpa.com

Thomson Reuters
Andrew Meagher
Global Head of Real-Time Financial Publishing Reuters News
+1/646/223-5269
andrew.meagher@thomsonreuters.com

APA - Austria Presse Agentur
Barbara Rauchwarter
Head of Marketing & Communications
+43/1/360 60-5700
barbara.rauchwarter@apa.at

dpa-AFX Wirtschaftsnachrichten GmbH
Cord Dreyer
CEO
+49/69/920 22-400
dreyer@dpa-AFX.de

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