Brief: Roularta Media Group Makes An Offer For Sanoma Titles

Roularta Media NV

16/01/2018 08:52

Jan 16 (Reuters) - ROULARTA MEDIA GROUP NV  RLRT.BR : 
    * ROULARTA MAKES AN OFFER FOR SANOMA TITLES 
    * MADE A BINDING OFFER FOR BELGIAN SANOMA TITLES WITH 
EXCEPTION 
OF HOME MAGAZINES 
    * IS ALSO SELLING TWO OTHER TITLES TO SANOMA FOR EUR 1 
MILLION 
    * CAPITAL GAIN OF ABOUT EUR 145 MILLION ON MEDIALAAN SHARES 
TO BE 
RECORDED IN Q1 2018 
    * FROM 2019, CO WILL REDUCE ITS FINANCIAL EXPENSES BY C. 
EUR 4.5 
MILLION 
    * REDUCING FINANCIAL EXPENSES THROUGH REPAYMENT OF BOND 
LOAN OF 
100 MILLION EUROS 
    * IN 2018, LOWER COSTS, 50% PARTICIPATION IN MEDIAFIN, 
RECENT 
ACQUISITIONS AND THE OTHER NEW ACTIVITIES WILL MAKE POSITIVE 
CONTRIBUTION. 
    * FROM 2019, LEASE COSTS WILL DECREASE BY ABOUT 9 MILLION 
DUE TO 
COMPLETION OF ECONOCOM CONTRACTS 
    * SANOMA TITLES ACQUISITION PRICE (INCL. PENSION AND 
SUBSCRIPTION 
OBLIGATIONS) IS 33.7 MILLION EUROS 
 
Source text: http://bit.ly/2rgOS95 
Further company coverage:  RLRT.BR  
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))