Schibsted CEO reveals new management team - Seite 2

Schibsted to spin off international marketplaces
In September, the Board of Directors of Schibsted ASA announced that the company's Marketplaces operations outside of the Nordics will be spun off and established as an independent, listed company (preliminarily named Marketplaces International/MPI). Schibsted will continue to be a Nordic group of leading digital consumer brands, comprising our publishing operations and growth companies in Norway and Sweden as well as the marketplaces FINN, Blocket, and Tori.

Rolv Erik Ryssdal, CEO of Schibsted Media Group since 2009, continues as CEO of the new company MPI, that will be a publicly listed stand-alone company. The first day of trading is targeted in April 2019. Schibsted will remain the largest owner of MPI and plans to retain a 60 per cent ownership at the time of the listing, after selling down up to five per cent in the market and distributing 35 per cent of the MPI shares to Schibsted's shareholders. 

Contact information:
For media:
Nathalie Kåvin, Director of Communications. Schibsted Media Group, Tel: [phone], e-mail: [e-mail]

For investors/analysts:
Jo Christian Steigedal, VP Head of IR. Tel: [phone], email: [e-mail]

About Schibsted
Schibsted Media Group is an international media group with 8000 employees in 22 countries. 200 million people around the world interact with Schibsted's popular digital services through our media houses, our digital marketplaces and our growth companies.

In 2019, our Marketplaces operations outside of the Nordics will be spun off and established as an independent, listed company. Schibsted will continue to be a company of leading digital consumer brands with footprint in the Nordics.

For more information, check out our website www.schibsted.com

---

This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Schibsted via Globenewswire