Alma Media Corporation Stock Exchange Release 14 July 2010 at 16.00 (EEST)
FINNISH COMPETITION AUTHORITY HAS ACCEPTED ALMA MEDIA CORPORATION'S AND ARENA PARTNERS' COOPERATION
Alma Media Corporation has been informed today that the Finnish Competition Authority has approved the deal between Alma Media and Arena Partners with a ruling dated 14th July 2010. The decision contains no conditions.
Alma Media 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. The Finnish Competition Authority referred the arrangement to continued consideration on May 3.
The parties will seek to finalize the arrangement during August.
Alma Media Corporation
VP, Corporate Communications and IR
For additional information, please contact:
Mikko Korttila, General Councel, tel. +358 50 593 4589.
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.