Brief: Polaris Media sells 0.13 pct of FINN.NO

Polaris Media ASA

23/12/2015 06:45

OSLO, Dec 23 (Reuters) - Polaris Media POLME.OL : 
    * Polaris Media sells 0.13 percent in FINN.NO for 15 million 
Norwegian crowns ($1.72 mln). 
    * The sale implies a value of 100 percent of FINN.NO at 11.5 
billion crowns ($1.32 bln). 
    * After the sale Polaris Media owns 9.99 percent of FINN.NO. 
    * Schibsted owns the remaining shares in FINN.NO. 
    * Polaris Media and Schibsted has revised the shareholder 
agreement which include Polaris Media's right to dividend of 90 
percent of the result in FINN.NO. 
    * Schibsted can not force Polaris Media to sell it's 
remaining 9.99 percent in FINN.NO. 
    * Polaris Media says sale does not change financial and 
strategic importance of FINN.NO. 
  
 
 (Reporting By Ole Petter Skonnord) 
 ((olepetter.skonnord@thomsonreuters.com; 0047 23 31 65 97;))