Sanoma sells press distribution business in Finland
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.
Sanoma’s Investor Relations, Olli Turunen, tel. +358 40 552 8907 or email@example.com
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