Ringier Sportal, a joint venture of Ringier Romania and Bulgaria's Sportal Media Group agreed to buy Romanian sports brand Gazeta Sporturilor and its online platform – www.gsp.ro Gazeta Sporturilor is the country’s main sports newspaper founded in 1924. www.gsp.ro is the leader in digital sports news with more than 3.5 million unique viewers per month.

Țuca Zbârcea & Asociații advised on the M&A and corporate implications of the deal up to the signing.

The transaction is subject to regulatory approvals.

Founded in 1992, Ringier Romania is the biggest digital publishing group in Romania and a key player on the local media market.