Schibsted ASA (SCH) - Update on the Milanuncios.com acquisition process
(Thomson Reuters ONE) -
Reference is made to the announcement of 10 June 2014 regarding expected closing
of the acquisition of Milanuncios.com, a Spanish online classifieds site. The
acquisition was announced 13 February 2014, and it was filed with the Spanish
Competition Authority (CNMC) on 24 April 2014.
In June 2014, CNMC informed Schibsted that it would take the case to "phase 2",
which implied additional time to reach a conclusion. At that point, it was
Schibsted's expectation that the transaction would be closed by the end of Q3
2014.
The process is not yet concluded, and the completion of the acquisition will be
somewhat delayed compared to the previous expectation. Talks with CNMC are
constructive, and continue with good progress. Schibsted expects that the
acquisition will be cleared by the authority.
Contact person:
Trond Berger, CFO. Tel: +47 916 86 695
Oslo, 30 September 2014
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Schibsted via GlobeNewswire
[HUG#1859746]
Unternehmensinformation / Kurzprofil:
Datum: 30.09.2014 - 16:35 Uhr
Sprache: Deutsch
News-ID 342024
Anzahl Zeichen: 1892
contact information:
Town:
Oslo
Kategorie:
Business News
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