Press release 29/06/2012 12:30
Sanoma News Oy sells its total ownership in Esan Kirjapaino Oy to Keskisuomalainen Oyj. Shares represent 14.7% of the total voting shares of Esan Kirjapaino Oy and 19.2% of the total number of shares.
The transaction is conditional upon Esan Kirjapaino or its shareholders not using their redemption right stipulated in the Articles of Association of Esan Kirjapaino and upon the consent of the Board of Directors of Esan Kirjapaino to the transfer of shares. Redemption and consent procedures are expected to be completed by the end of August 2012.
The divestment is in line with Sanoma's strategy to focus its operations and divest selected ownerships.
Sanoma's Investor Relations, Martti Yrjö-Koskinen, tel. +358 40 684 4643 or email@example.com
Pekka Soini, CEO, Sanoma News Oy, tel. +358 9 122 2000
Vesa-Pekka Kangaskorpi, CEO, Keskisuomalainen Oyj, tel. +358 50 688 33
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 around 11,000 people in some 20 countries throughout Europe. In 2011, the Group's restated net sales totalled EUR 2.4 billion