Brief: Schibsted terminates Hemnet acquisition, considers other alternatives
07/07/2016 14:46
July 7 (Reuters) - Schibsted Asa SBSTA.OL :
* Says The Swedish Competition Authority (SCA) has informed
Schibsted that the authority will not clear the Hemnet
transaction in its current form.
* Schibsted has on this background concluded that the
acquisition process will be terminated.
* Says still considers Swedish real estate market to be
attractive, and will now consider other alternatives for its
presence in market.
* Says an active approach to m&a will continue to be an
essential part of this strategy.
Source text for Eikon: ID:nHUG33ZllC
Further company coverage: SBSTA.OL
(Reporting By Camilla Knudsen)
((camilla.knudsen@thomsonreuters.com;))