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CORRECTED - Schibsted buys Belgian for $31.3 mln
May 16, 2008 / 7:28 AM / 10 years ago

CORRECTED - Schibsted buys Belgian for $31.3 mln

(Adds million to value in headline)

OSLO, May 16 (Reuters) - Norway’s biggest media group, Schibsted ASA SBST.OL, said on Friday it had acquired all shares in Belgian online classified site 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 Media.

Reporting by Aasa Christine Stoltz; Editing by Andrew Callus/Quentin Bryar

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