Sanoma Magazines International has completed its acquisition of 82% of the shares in Net Info.BG AD, Bulgaria's leading internet company. This transaction has now been cleared by the Bulgarian antitrust officials.
Net Info owns online properties like Abv.bg (the most popular Bulgarian free e-mail service), Gbg.bg (a directory site), Vbox7.com (Bulgaria's leading streaming video site), and Netinfo.bg (a leading news information site). In 2007 Net Info's net sales amounted to EUR 2.3 million. The company employed 127 employees (full-time equivalents) at the end of 2007.
Sanoma Magazines International is part of the SanomaWSOY Group and responsible for Sanoma Magazines' activities in Russia and Central, Eastern and South East Europe.