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Sanoma Oyj — M&A Activity 2012
Mar 16, 2012
3238_rns_2012-03-16_484595c6-1d34-4c49-b484-e29379ce27ff.html
M&A Activity
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Disclosure 298304
Sanoma Oyj - Company Announcement
Sanoma completes the divestment of its stake in the Finnish telecommunications group DNA
Stock Exchange Release 16/03/2012 11:45 The divestment of Sanoma's stake in DNA Ltd, announced on 23 February 2012, has been closed today. In the transaction Sanoma sold its entire 21.11% shareholding of DNA Ltd and received a EUR 181.5 million cash consideration for the shareholding. As a result of the transaction, Sanoma will book in the first quarter of 2012 a non-recurring capital loss of some EUR 17 million. Sanoma Corporation Kim Ignatius Chief Financial Officer Additional information: Sanoma's Investor Relations, Martti Yrjö-Koskinen tel. +358 105 19 5064 or [email protected] 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. [HUG#1594620]