Sanoma announced on 25 August that it will sell its bookstore operations in Finland to Otava Ltd. The Finnish Competition Authorities have announced to Otava that they do not need to file the transaction and that the investigation of the deal has ended. Therefore the divestment will be closed as planned at the end of September. 

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 20,000 people in over 20 countries throughout Europe. In 2010, the Group's net sales totalled EUR 2.8 billion.