Press release, 2 March 2012
Sanoma Corporation has today announced that it sells its book logistics company Porvoon Kirjakeskus Oy to Bonnier Books Finland Oy. The deal is subject to the approval of the Finnish competition authorities. The closing of the transaction is expected during the second quarter of 2012.
Porvoon Kirjakeskus Oy offers logistics services for the leading publishers in Finland. It employs some 115 persons (FTEs).
The divestment is in line with Sanoma's strategy to focus its operations and to concentrate on consumer media and learning. The divestment will not affect the Sanoma Group's outlook for 2012.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Investor Relations Martti Yrjö-Koskinen tel. +358 105 19 5064 or ir@sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for nearly 15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR 2.7 billion.