Sanoma Corporation, Press Release, 7 November 2014 at 14:00 CET+1
Sanoma is selling its stake in Adria Media Zagreb together with Gruner + Jahr to Adria Media Group Ltd. The closing of the deal is subject to the approval of the competition authorities. This transaction marks the departure of Sanoma from the Croatian market.
The divestment is in line with Sanoma’s strategy to focus its operations and divest selected ownerships.
Get the world. Sanoma helps people access and understand the world.
We believe in a world full of opportunities, feelings, reactions and inspiration. A world that you can reach, influence, explore and share. We want to make it yours.
Sanoma is a front running consumer media and learning company in Europe. In Finland and The Netherlands we are the market leading media company with a broad presence across multiple platforms. Our main markets in learning are Belgium, Finland, the Netherlands, Poland and Sweden. In 2013, Sanoma’s net sales totalled EUR 2.1 billion. Sanoma is listed on the NASDAQ OMX Helsinki stock exchange.