Alma Media sells its share of Tampereen Tietoverkko Oy
Alma Media Corporation Press release 29 June 2017
ALMA MEDIA SELLS ITS SHARE OF TAMPEREEN TIETOVERKKO OY
Alma Media has sold its share of ownership of Tampereen Tietoverkko (TTV) Oy to Elisa Corporation. Alma Media owned 35.14% of the company.
Alma Media has been a long-term owner of Tampereen Tietoverkko Oy, but the companies have not engaged in shared business and the ownership of the company is not part of Alma Media’s core business.
Alma Media will record a non-recurring sales gain of EUR 1.1 million from selling the associated company’s shares to the financial result of the second quarter.
ALMA MEDIA CORPORATION
Vice President, Corporate Communications and IR
For more information, please contact:
Juha Nuutinen, CFO, Alma Media Corporation, tel. +358 50 438 0984
Alma Media in brief
Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitality, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 2,300 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2016 was EUR 353.2 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.