Alma Media has sold its share of Professio Finland Oy
Alma Media Corporation Press Release 30 December 2016 at 11.15 a.m.
ALMA MEDIA HAS SOLD ITS SHARE OF PROFESSIO FINLAND OY
Alma Talent Events Oy, an Alma Media group company, has today divested its 49.9 % shareholding of Professio Finland Oy, an events organising company. The buyer is Cor Group Oy who is the main shareholder of Professio Finland Oy.
The parties have agreed to not disclose the transaction price. Alma Media enters a 0.4 million euros profit from the sale to its fourth quarter 2016 accounts.
Professio is an events organiser and media company specialised in public sector and public services desision makers and experts. Professio produces more than 100 events annually in Finland and Sweden. Alma Talent Oy became a minority shareholder of Professio as a result of Talentum acquisition.
”Professio is in an interesting development phase, and the reform of the Finnish social and healthcare system offers new possibilities for it. However, at Alma Talent we’ve concluded that it is best for us to focus on our own core target groups, business decision makers and experts, in our events and training services”, comments Juha-Petri Loimovuori, CEO of Alma Talent.
For more information, please contact:
Rauno Heinonen, SVP Communications and IR, Alma Media Corporation, tel. +358 40 861 9345.
Ilari Kerola, Director, Cor Group Oy, tel. +358 400 684 120
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 2,400 professionals (excluding delivery personnel), of whom approximately 30% work outside Finland. Alma Media’s revenue in 2015 was EUR 291.5 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.
- Published: 30.12.2016, 11:15
- Category: Press release, Releases