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Sanoma Oyj — M&A Activity 2013
Oct 8, 2013
3238_tar_2013-10-08_8ebd85a1-dd6f-41b3-b1b6-92ee8028d313.html
M&A Activity
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Disclosure 309820
Sanoma Oyj - Tender offer
Sanoma sells its learning operations in Hungary
Sanoma Corporation, Stock Exchange Release, 8 October 2013 at 16:00 CET+1 Sanoma has today sold its learning operations, NTK Educational Holding Zrt, in Hungary to a consortium of members of the management team. “The divestment of our learning operations in Hungary is related to a long period of adverse conditions in the Hungarian education market. The transaction in Hungary does not change our focus on consumer media and learning,” says Harri-Pekka Kaukonen, President and CEO of Sanoma Corporation. In 2012, the net sales for NTK Educational Holding Zrt totalled some EUR 21 million. As a result of the transaction, Sanoma will book in the third quarter of 2013 a non-recurring capital loss of around EUR 23 million. Additional information Sanoma's Investor Relations, Martti Yrjö-Koskinen, tel. +358 40 684 4643 or [email protected] For media inquiries Sanoma's Group Communications, Robin Janszen, tel. +316 2293 2643 or [email protected] For media inquiries in Finland Sanoma's Group Communications, Hanna Johde, tel. +358 40 673 8977 or [email protected] Sanoma.com Get the world. Sanoma helps people access and understand the world. Sanoma is a front runner in consumer media and learning in Europe. We employ around 10,000 professionals in more than 10 countries. In 2012, the Group's net sales totalled EUR 2.4 billion. Sanoma's share is listed on the NASDAQ OMX Helsinki.