Home » Business News » 2012 » March » March 16, 2012

Sanoma completes the divestment of its stake in the Finnish telecommunications group DNA

March 16, 2012 - London

Stock Exchange Release 16/03/201211:45

The divestment of Sanoma's stake in DNA Ltd, announced on 23 February 2012, has been closed today. In the transaction Sanoma sold its entire 21.11% shareholding of DNA Ltd and received a EUR 181.5 million cash consideration for the shareholding. As a result of the transaction, Sanoma will book in the first quarter of 2012 a non-recurring capital loss of some EUR 17 million.

Sanoma Corporation

Kim Ignatius
Chief Financial Officer

Additional information: Sanoma's Investor Relations, Martti Yrjö-Koskinen tel. +358 105 19 5064 or

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 15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR 2.7 billion.

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Sanoma Oyj via Thomson Reuters ONE



Comment on this story