ALMA MEDIA ENTERS 5 MILLION EURO GAIN ON PROPERTY SALE

ALMA MEDIA CORP. STOCK EXCHANGE RELEASE 20.12.2002, at 14.00 ALMA MEDIA ENTERS 5 MILLION EURO GAIN ON PROPERTY SALE Alma Media Corporation has today sold an office and industrial property in Vantaa for MEUR 15. Alma Media will record a capital gain of MEUR 5 on this transaction in 2002. Part of Alma Media’s strategy is to release capital from its property assets for developing its core business. Under this policy Alma Media Corporation has today sold its 19,000 square metre office and industrial property in Kaivoksela, Vantaa, to AGV International Leasing GmbH, part of the Landesbank Kiel Group. The property is currently leased in its entirety to Sonera Oyj, which will continue to occupy the property under a long-term lease agreement. The property has been sold for EUR 15 million, on which Alma Media will record a capital gain of EUR 5 million in its 2002 financial statements. ALMA MEDIA CORPORATION Ahti Martikainen Vice President, Corporate Communications and Investor Relations Distribution: Helsinki Exchanges, Principal Media
  • Date: 20.12.2002, 08:00
  • News type: Stock exchange release

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