Business Services Industry
Schibsted ASA finalises acquisition of Trader Classified Media
Nordic Business Report, July 17, 2006
NORDIC BUSINESS REPORT-17 July 2006-Schibsted ASA finalises acquisition of Trader Classified Media(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Norwegian media group Schibsted ASA said on Friday (14 July) that it had finalised the acquisition of selected assets of Trader Classified Media.
Concerning the Spanish and Latin American operations, Schibsted and the Spanish minority shareholder Primerama have agreed to modify the existing agreements in certain aspects, the company said.
After the adjustments to the agreement the purchase price paid by Schibsted for the acquisition is some EUR553m.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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