Schibsted today announced that it has signed an agreement to acquire 9.99% of Finn.no AS from Polaris Media ASA. Polaris has been a minority owner in FINN since its incorporation in 2000. .
Norway’s Schibsted ASA announced it has entered into a non-binding agreement to sell its news media operations to its largest shareholder, the Tinius Trust through investment company Blommenholm Industrier AS.
Norwegian media group
Schibsted said on Monday it has made a non-binding
agreement worth 6.2 billion crowns to sell its
news media operations to main owner Tinius Trust, which would
split the group.