Sanoma Sells Dutch Car Classifieds Business Autotrader.nl
Sanoma Corporation, Stock Exchange Release, 1 February 2016 at 13:50 CET+1
Sanoma has today sold its Dutch online car classifieds business Autotrader.nl to AutoScout24. Autotrader.nl is the third largest car classifieds website in the Dutch market.
AutoScout24, a subsidiary of the German Scout24 AG, operates the leading Dutch car classifieds website AutoScout24.nl.
In 2015, the net sales of Autotrader.nl totaled around EUR 6 million. The agreed selling price of the deal is around EUR 28 million and the transaction was closed today. As a result of the transaction, Sanoma will recognise a non-recurring capital gain of around EUR 13 million.
Sanoma's Investor Relations, Pekka Rouhiainen, tel. +358 40 739 5897
Get the world. Sanoma helps people access and understand the world.
We believe in a world full of opportunities, feelings, reactions and inspiration. A world that you can reach, influence, explore and share. We want to make it yours.
Sanoma is a front running consumer media and learning company in Europe. In Finland and The Netherlands we are the market leading media company with a broad presence across multiple platforms. Our main markets in learning are Belgium, Finland, the Netherlands, Poland and Sweden. In 2014, Sanoma’s net sales totalled EUR 1.9 billion. Sanoma is listed on the Nasdaq Helsinki stock exchange.