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General

Telenor sells stake in Amedia to philanthropic foundation

Wednesday 24 February 2016 | 14:28 CET | News
A newly established foundation will become the new owner of Amedia, Norway's largest publisher of local media, with operations also in Russia. The foundation will fully acquire Amedia from Telenor, LO and Fritt Ord. The transaction values the publisher at NOK 1.4 billion, or NOK 395 million after deducting debt and debt-related items. The formal acquisition is expected to take place in April.

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Categories: General
Companies: Telenor
Countries: Norway
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