The Finnish Competition Authority has approved the deal, whereby Sanoma, a division of SanomaWSOY Group, sells its 21.37% holding in Janton Oyj to R-Laatikko 805 Oy nominated by BA Capital Management Europe II LLC (BACME). The closing will take place on 30 December 2003 at the latest. Price per share is EUR 13. Sanoma's gains on the sales of shares are around EUR 18 million.
The divestment is in line with SanomaWSOY's strategy to divest its non-core assets and holdings. SanomaWSOY has published Stock Exchange Announcements on the agreement on 12 August and 21 November 2003.
SANOMAWSOY CORPORATION
Raija Kariola
Vice President
Investor Relations and Group Communications
DISTRIBUTION
Helsinki Exchanges
Principal media