AAMULEHTI CORPORATION STOCK EXCHANGE BULLETIN MTV CORPORATION 19 November 1997, 4.00 pm SUPERVISORY BOARDS APPROVE TV 4 AB SHARE ACQUISITIONS The Supervisory Board of Aamulehti Corporation today approved the Aamulehti Group acquisition of 16.5 % of TV 4 AB’s shares from Investor AB and 1.9 % from Föreningsbankens Fonder. The Supervisory Board of MTV Corporation approved MTV Corporation’s acquisition of 5.0 % of the TV 4 AB shares from Investor AB. On 21 October 1997 the Boards of Directors of Aamulehti Corporation and MTV Corporation decided to acquire a total of 23.4 % of the shares of TV 4 AB, Sweden’s leading commercial TV channel. The transaction was arranged so that Aamulehti Corporation would acquire 3,301,830 TV 4 AB shares from Investor AB and 382,485 shares from Föreningsbankens Fonder, and MTV Corporation would acquire 1,000,000 shares from Investor AB. The shares, which are all A Series shares, represent 23.4 % of the TV 4 AB stock and voting power. The Supervisory Boards of Aamulehti Corporation and MTV Corporation approved the share acquisitions at their meetings today. Alma Media, scheduled to start operating on 1 April 1998, thus becomes TV 4 AB’s largest single shareholder, and TV 4 AB becomes an associated company of Alma Media. The acquisition price of the TV 4 AB shares totalled approximately FIM 550 million. Aamulehti Corporation’s retiring directors re-elected Pekka Ala-Pietilä and Björn Mattsson were due to retire from Aamulehti Corporation’s Board of Directors at the end of 1997. Aamulehti Corporation’s Supervisory Board re-elected these members to the Board of Directors for the term of office beginning on 1 January 1998 and ending on 31 December 2000. AAMULEHTI CORPORATION MTV CORPORATION Ahti Martikainen Marju Paaso Vice President Communications Manager Corporate Communications Distribution: Helsinki Stock Exchange Principal media
  • Date: 19.11.1997, 08:00
  • News type: Stock exchange release

Share article:

Release subscription form



NOTE. If you fill in your phone number, you will automatically receive the subtitles of the releases also as SMS. If you do not wish to receive SMS's from Alma Media, simply leave the phone number field empty.