Brief: North Media Acquires Sweden's Largest Distributor Of Leaflets And Local Newspapers SDR Svensk

North Media A/S

15/12/2023 19:33

Dec 15 (Reuters) - North Media A/S  NORTHM.CO :
    * NORTH MEDIA ACQUIRES SWEDEN’S LARGEST DISTRIBUTOR OF
LEAFLETS
AND LOCAL NEWSPAPERS
    * NORTH MEDIA HAS CONCLUDED AN AGREEMENT WITH GE-TE MEDIA
AKTIEBOLAG TO ACQUIRE SDR SVENSK DIREKTREKLAM AB AND EGRO
KONSULT AB
    * PURCHASE PRICE WILL BE PAID IN CASH.
    * NORTH MEDIA IS ACQUIRING SDR AT A PRICE OF SEK 350 MILLION
ON A
DEBT-FREE BASIS
    * ACQUISITION OF SDR WILL HAVE NO EFFECT ON GUIDANCE FOR
2023

Source text for Eikon:  ID:nGNE6HfWcD 
Further company coverage:  NORTHM.CO 

 ((Reuters.Briefs@thomsonreuters.com;))