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Schibsted ASA Sells Baltic Operations to Management and Local Investors


Monday, 9 Sep 2013 09:31am EDT 

Schibsted ASA announced that Schibsted Media Group has agreed on selling the Baltic operations in Eesti Meedia (EM) to a group formed by management of EM. The group is supported financially by local Estonian investors, headed by Margus Linnamae. Eesti Meedia is a Baltic media house with its primary operations in Estonia and smaller presences in Latvia and Lithuania. The agreement values Eesti Meedia at approximately EUR 30 million. 

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