Alma Media Corporation Stock Exchange Release January 5, 2011 at 17.15 (EET)
ALMA MANU, SUBSIDIARY OF ALMA MEDIA CORPORATION, HAS AGREED ON THE FINANCING OF ITS NEW PRINTING FACILITY
Alma Manu Oy, the printing and distribution unit of Alma Media Corporation, has today agreed on the financing of the machinery of its new printing facility to be built in Tampere in 2012. The maximum amount of the agreed financing is EUR 50 million.
- The financing agreement between Alma Media's subsidiary Alma Manu and Pohjola Bank plc further strengthens the customer relationship of the Alma Media Group and the OP-Pohjola Group. Furthermore, it supports OP-Pohjola's position as one of the chief financing providers for Alma Media Group, says Tuomas Itkonen, CFO, Alma Media Corporation.
- We are very pleased with the agreement regarding the financing of the machinery of Alma Media's new printing facility. The agreement reinforces the solid cooperation we have with Alma Media, says Reima Rytsölä, Senior Executive Vice President, Head of Banking, Pohjola Bank plc.
ALMA MEDIA CORPORATION
Rauno Heinonen, Vice President, Corporate Communications and IR
Tuomas Itkonen, CFO, Alma Media Corporation, telephone +358 10 665 244
Distribution: NASDAQ OMX Helsinki Exchange, principal media
Alma Media in brief
Alma Media is a dynamic media company whose best-known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com. Alma Media employs nearly 3,000 professionals. The company's net sales in 2009 totalled MEUR 307.8 with an operating margin of 13.5 per cent. Alma Media's share (ALN1V) is listed in the NASDAQ OMX Helsinki Exchange. Read more at http://www.almamedia.fi/