by Tatiana Repkova

David Montgomery is expanding his pan-European newspaper group through a £570 million share issue and the acquisition of Berliner Verlag, owner of the Berliner Zeitung. Mecom, the former Mirror chief's Aim-listed publishing company, will spend £111 million of the cash raised by the issue, which doubles its existing share capital, to buy up a further 75 percent of Berliner Verlag.

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