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BERLIN (AP) - German media conglomerate Bertelsmann AG said Monday it might buy out minority shareholder Groupe Bruxelles Lambert and avoid the need for an initial public offering.
Under an earlier agreement, Belgian holding company GBL can formally request an IPO on Tuesday to realize it stated goal of selling its 25.1 percent stake in Bertelsmann.
Bertelsmann said it will "fulfill its contractual obligations and prepare the listing of shares held by GBL," if requested, but it added: "Bertelsmann is also prepared for a buyback of GBL's stake at a reasonable price, if the shareholders reach an agreement."
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