Sanoma Corporation, Press Release, 23 December 2014 at 10:00 CET+1
Sanoma has signed an agreement to sell two of its printing and office facilities used by Sanoma Lehtimedia, Saimaan Lehtipaino and Lehtikanta located in Kouvola and Lappeenranta to the Finnish publishing company Länsi-Savo.
The transaction will be finalised in 2017, when the ownership of the facilities is transferred to Länsi-Savo and the purchase price paid to Sanoma. Kaakon Viestintä will continue its operations in the facilities as a long-term lessee.
As earlier announced, Sanoma Lehtimedia and the related printing companies will merge with Etelä-Savon Viestintä (owned by Länsi-Savo) into a single company called Kaakon Viestintä, which will start operating 1 January 2015.
Sanoma’s Investor Relations, Olli Turunen, tel. +358 40 552 8907
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 2013, Sanoma’s net sales totalled EUR 2.1 billion. Sanoma is listed on the NASDAQ OMX Helsinki stock exchange.