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Provider: Reuters Investment Profile
Provider: Directors Deals Ltd.
Provider: MarketLine (a Datamonitor Company)
Provider: Wright Reports

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Sanoma divests majority ownership of Lehtimedia to Lansi-Savo Group

Thursday, 10 Apr 2014 02:00am EDT 

Sanoma Oyj:Says Sanoma Media Finland divests majority ownership in Sanoma Lehtimedia and in local printing companies to the Lansi-Savo Group.The plan is to merge Sanoma Lehtimedia, Sanomapaino printing companies, Saimaan Lehtipaino, Lehtikanta and Etela-Savon Viestinta (owned by Lansi-Savo) into a single company.Expects the first stage of the corporate arrangement to be completed in Jan. 2015.Will fully transfer the ownership to Lansi-Savo in five years.Will receive about 10 million euros as the trade price at the first stage of the corporate arrangement.The cooperation between Sanoma and the divested parts will continue. 

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0.035 +0.63%
30 Jan 2015