Spir Communication SA is a France-based publishing company that is primarily engaged in the local communication market. The Company offers a range of publications, including free advertising publications, specialized real estate publications and free daily press, as well as services, such as printing, Internet advertising and distribution of printed leaflets. It�s portfolio of printed publications comprises Properties Cote d�Azur, Logic-immo, Demeures & Chateaux, 20 minutes and Elado-Kiado. The Company also provides Web portals, such as caradisiac.com, lacentrale.fr, Logic-immo.com and topanonces.fr. Spir Communication SA operates a number of subsidiaries, including Regicom, Adrexo, Concept Multimedia, Concept Multimedia Belgium and AD Editions, among others. It is present in France, Switzerland, Belgium, the Netherlands and others. As of December 31, 2011, Prepart SCS held a 55.81% stake in the Company�s shareholdings.