Newspaper & Mailroom

Schibsted ASA (SCH) – Milanuncios acquisition expected to be closed in Q2 2014

Friday 25. April 2014 - On 13 February 2014 Schibsted Media Group announced an agreement to acquire the Spanish online classifieds site Milanuncios.com. On 24 April 2014, the transaction was filed with the Spanish Competition Authority (CNMC).

Schibsted has been in dialogue with CNMC since the announcement of the agreement. Schibsted expects the acquisition to be cleared by the authority, and the transaction is likely to be closed during Q2 2014.