Ruch buys stake in e-Kiosk

Newsstand operator Ruch has acquired a 28.14-percent stake in digital press distributor e-Kiosk from Presspublica in exchange for shares in book and newspaper online retail site Nexto.pl, the company said in a statement on Tuesday. “The investment into e-Kiosk is favorable for Ruch, but it is also good news for the broad publishing market,” Ruch CEO Dariusz Stolarczyk was quoted as saying. The company believes that its cooperation with Presspublica will allow for more a efficient promotion of reading, both of the press and of books, the statement also said.