Brief: Ekspress Grupp acquires 49 pct of Babahh Media

Ekspress Grupp AS

19/09/2016 14:58

Sept 19 (Reuters) - Ekspress Grupp AS  EEG1T.TL : 
    * Acquires 49 per cent ownership in company Babahh Media OÜ 
    * Got an option to acquire additional ownership in Babahh 
Media OÜ in 2021 that would increase its share holding in Babahh 
Media OÜ to 70 per cent in total 
    * Purpose of acquisition is to expand our business in 
fast-growing market of online video production and video 
streaming 
 
Source text for Eikon:  ID:nTSE6tMP  
Further company coverage:  EEG1T.TL  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))