Webedia SAS, an online women's press publisher, has acquired a 57% stake in Groupe Confidentielles / 750 Grammes. Financial terms of this transaction have not been disclosed.
Groupe Confidentielles / 750 Grammes was founded in 2004. The company is a recipe website and holds a key position in the French market.
With this acquisition, Fimalac's subsidary Webedia has taken a big step in the league tables related to online media thanks to the addition of 8 million monthly visitors to the on 750 Grammes (www.confidentielles.com) site.
Oaklins' team in France advised the seller in this transaction.
© 2019 Oaklins. All rights reserved. Oaklins is the collective trade name of independent member firms affiliated with Oaklins International Inc. For details of the nature of affiliation, please refer to www.oaklins.com/legal.