(Adds million to value in headline)
OSLO May 16 Norway's biggest media group,
Schibsted ASA SBST.OL, said on Friday it had acquired all
shares in Belgian online classified site Kapaza.be for 20.25
million euros ($31.34 million).
"The move strengthens Schibsted Classified Media's (SCM)
position as one of the leading European players in the market
for online classifieds," the group said in a statement.
Schibsted has gathered the group's classified ads websites
outside of Norway, with the exception of some small operations,
under one management in the subsidiary Schibsted Classified
(Reporting by Aasa Christine Stoltz; Editing by Andrew