Sanoma Sells Dutch Car Classifieds Business Autotrader.nl

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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.

Additional information
Sanoma's Investor Relations, Pekka Rouhiainen, tel. +358 40 739 5897

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