Anti-monopoly agency approves sale of Ringier Axel Springer CZ media group

The Czech Office for the Protection of Competition has approved the acquisition of the Ringier Axel Springer media group by businessmen Daniel Křetínký and Patrik Tkáč, office’s director Peter Rafaj said on Friday. The anti-monopoly agency said the acquisition would not substantially distort economic competition. The transaction, which was announced last December, was estimated at 4.7 billion crowns. Ringier Axel Springer CZ publishes the Czech Republic’s biggest selling daily, the tabloid Blesk, along with several other publications. In 2012