Brief: Norway's Schibsted to book NOK 1.3 bln gain in Q2 after transaction
30/06/2017 16:00
June 30 (Reuters) - Schibsted SBSTA.OL says:
* Closing of the transaction to increase ownership in OLX
Brazil and Yapo Chile and divest Asian assets
* Gains of approximately NOK 1.3 billion will be recognized
in consolidated financial statements of schibsted for q2 2017
* Amount will be reported on "other income and expenses"
line in consolidated income statement.
* Transaction implies a cash payment to telenor of $400
million. Schibsted has financed amount with debt.
Source text for Eikon: ID:nGNEbT7r3m
Further company coverage: SBSTA.OL
(Reporting by Gwladys Fouche)
((gwladys.fouche@thomsonreuters.com;))