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Eksmo And Ast: Russia's Two Publishing Giants Merge

Posted at 8:25AM Thursday 16 Jan 2014

The Russian book publishing market is even closer to consolidation, as Eksmo, the country's leading publishing company, has officially taken control of the acquisition of its main rival AST, a process that began in 2012. The official purchase price has not been disclosed, but the current value of AST is estimated at about RUB 12 billion (USD$387 million).

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