Sanoma Corporation has acquired 20 % of the share capital in Janton Oy from its present shareholders in a transaction closed today. All sellers will remain shareholders in Janton Oy also after the acquisition.
Sanoma Corporation intends to develop and improve the efficiency of its distribution functions. Janton Oy specialises in unaddressed distribution of printed products, and is the leading company in its industry in Finland.
The acquisition will have no impact on Janton Oy's personnel or business operations.
Janton Oy's plan to seek a listing on the Helsinki Stock Exchange is being studied further.
Janton Oy's activities as an energetic media company committed to developing new operating models will continue unchanged. The objective of the company is to retain its position among the best companies in the graphic industry, measured by ROI and performance capacity.
The Boards of Directors of Werner Söderström Osakeyhtiö - WSOY, Sanoma Corporation, Helsinki Media Company Oy and Oy Devarda Ab have approved a merger plan which will result in the establishment of Sanoma-WSOY Oyj. According to the preliminary merger schedule, the merger authorisation will be registered and the merger will be implemented on 1 May 1999.
WERNER SÖDERSTRÖM OSAKEYHTIÖ - WSOY
Aarno Heinonen Executive Vice President
SANOMA OSAKEYHTIÖ
Martti Ojares Executive Vice President
FOR MORE INFORMATION:
Mr. Martti Ojares; Executive Vice President, Sanoma Corporation; tel. +358 9 1221; Mr. Kai Mäkelä; Board Chairman, Janton Oy; tel. +358 400 503142
DISTRIBUTION:
Helsinki Stock Exchange Principal media