Sanoma Corporation, Investor News, 23 December 2013 at 15:00 CET+1
Sanoma has sold its Czech operations - Sanoma Media Praha, Sanoma Media CZ and Websitemaster - to Astrosat, the Czech joint venture of Vltava-Labe-Press (Verlagsgruppe Passau) and rtv media group. This transaction marks the departure of Sanoma from the Czech market.
In 2012, the net sales for Sanoma’s Czech operations totalled some EUR 17 million.
The divestment is in line with Sanoma’s strategy to focus its operations and divest selected ownerships.
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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 media platforms. Our operating markets in Learning are Belgium, Finland, The Netherlands, Poland and Sweden. In 2012, Sanoma’s net sales totalled EUR 2.4 billion. Sanoma is listed on the NASDAQ OMX Helsinki stock exchange.