Sanoma Corporation, Investor News, 7 August 2013 at 13:00 CET+1
Sanoma and Hearst Corporation sell their joint venture Sanoma Hearst Romania, one of the leading magazine and online publishers in Romania, to Burda International GmbH. This transaction marks the departure of Sanoma from the Romanian market.
The divestment is in line with Sanoma's strategy to focus its operations and divest selected ownerships.
The closing of the deal is subject to the approval by competition authorities.
Get the world. Sanoma helps people access and understand the world. Sanoma is a front runner in consumer media and learning in Europe. We employ around 10,000 professionals in more than 10 countries. In 2012, the Group’s net sales totalled EUR 2.4 billion. Sanoma’s share is listed on the NASDAQ OMX Helsinki.