Schibsted ASA (SCH) - Milanuncios acquisition expected to be closed in Q2 2014

On 13 February 2014 Schibsted Media Group announced an agreement to acquire the Spanish online classifieds site Milanuncios.com. On 24 April 2014, the transaction was filed with the Spanish Competition Authority (CNMC).

Schibsted has been in dialogue with CNMC since the announcement of the agreement. Schibsted expects the acquisition to be cleared by the authority, and the transaction is likely to be closed during Q2 2014.

Oslo, 24 April 2014
SCHIBSTED ASA

Jo Christian Steigedal
VP Investor Relations

 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Schibsted via Globenewswire

HUG#1779689