Sanoma sells its stake in the Finnish telecommunications group DNA
(Thomson Reuters ONE) -
Stock Exchange Release 23/02/2012 09:30
Sanoma Corporation has signed an agreement with Finda Oy, Oulu ICT Oy, PHP
Liiketoiminta Oyj and Osuuskunta KPY, major shareholders of the Finnish
telecommunications group DNA Ltd, to sell its entire 21.11% shareholding in DNA
Ltd for a EUR 181.5 million cash consideration to be paid at the closing of the
transaction. As a result, Sanoma will book a non-recurring capital loss of some
EUR 17 million at the closing of this transaction, which is expected during
March 2012.
"This transaction is in line with our strategy to focus on consumer media and
learning. It also strengthens our balance sheet and enables us to further
develop our portfolio," says Harri-Pekka Kaukonen, President and CEO of Sanoma
Corporation.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Kim Ignatius, CFO, tel. +358 105 19 5120 or
ir(at)sanoma.com
Sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring
information, experiences, education and entertainment to millions of people
every day. We make sure that quality content and interesting products and
services are easily available and meet the demands of our readers, viewers and
listeners. We offer a challenging and interesting working environment for nearly
15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR
2.7 billion.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sanoma Oyj via Thomson Reuters ONE
[HUG#1588427]
Unternehmensinformation / Kurzprofil:
Datum: 23.02.2012 - 08:31 Uhr
Sprache: Deutsch
News-ID 117694
Anzahl Zeichen: 2171
contact information:
Town:
Helsinki
Kategorie:
Business News
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