Regulatory Filings • Jan 9, 2015
Regulatory Filings
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Schibsted ASA (SCH) - Online classifieds joint ventures transactions closed
Schibsted Media Group announced on 13 November 2014 an agreement to establish
joint ventures for the development of online classifieds platforms in four key
markets - Brazil, Indonesia, Thailand and Bangladesh.
The transactions closed on 9 January 2015 after all conditions precedent have
been satisfied, and the joint ventures are now established.
The establishment of the joint ventures will bring substantial benefits to
consumers, as they will be able to buy and sell goods on better and more
comprehensive market places. The businesses will also be able to share cost,
expertise and people to more effectively build awareness of the benefits of a
vibrant online classifieds offering to consumers.
Contact information:
Trond Berger, CFO, [email protected], +47 916 86 695
Jo Christian Steigedal, VP Investor Relations, [email protected], +47 415 08 733
Oslo, 9 January 2015
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1885547]
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