Sanoma Corporation, Stock Exchange Release, 14 February 2014 at 9:30 CET+1
Sanoma sells the Finnish press distribution company Lehtipiste to Sponsor Capital. The transaction is subject to the approval of the Finnish competition authorities. Sanoma will remain a customer of Lehtipiste in the single copy distribution of magazines and newspapers.
In 2013, the external net sales of Lehtipiste totalled some EUR 50 million. At the closing Sanoma will book a non-recurring capital gain of around EUR 26 million. The divestment is in line with Sanoma’s strategy to focus its operations and divest selected ownerships.
Additional information
Sanoma’s Investor Relations, Olli Turunen, tel. +358 40 552 8907 or ir@sanoma.com
Sanoma.com
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 media platforms. Our operating markets in Learning are Belgium, Finland, The Netherlands, Poland and Sweden. In 2013, Sanoma’s net sales totalled EUR 2.2 billion. Sanoma is listed on the NASDAQ OMX Helsinki stock exchange.