Finnish Competition Authority has referred Alma Media Corporation's and Arena Partners' cooperation to continued consideration

Alma Media Corporation     Stock Exchange Release     3 May 2010 at 4 p.m.

 

 

FINNISH COMPETITION AUTHORITY HAS REFERRED ALMA MEDIA CORPORATION'S AND ARENA PARTNERS' COOPERATION TO CONTINUED CONSIDERATION

 

Alma Media Corporation announced on 29 March, 2010 that Alma Media Corporation and the business development company Arena Partners Oy, owned jointly by five newspaper publishers operating in Central Finland, will start cooperation in the national classified advertising business. The deal was noted to be subject to approval by the Finnish Competition Authority.

 

Alma Media has been informed today that the Finnish Competition Authority has referred the arrangement to continued consideration. In continued consideration, the Finnish Competition Authority may approve the arrangement as such, set terms and conditions for its approval or propose that the Market Court rejects the transaction. The continued consideration may last three months at most.

 

 

Alma Media Corporation

Rauno Heinonen

VP, Corporate Communications and IR

 

 

For additional information, please contact:

Mikko Korttila, General Councel, tel. 010 665 2201.

 

Distribution: NASDAQ OMX Helsinki, main media

 

Alma Media in brief

Alma Media is a profitable and internationally expanding company with a focus on the future of newspapers and online services. Its best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.

 

Alma Media's net sales in 2009 totaled MEUR 307.8 with an operating margin of 13.5 per cent. The company's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at www.almamedia.fi.

  • Date: 3.5.2010, 18:00
  • News type: Stock exchange release

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