Schibsted ASA (SCH) - Sale of shares in Point Carbon AS
Schibsted has agreed to sell its shares in Point Carbon AS to Thomson Reuters,
as Thomson Reuters takes over the company. For Schibsted, the transaction will
imply a sales gain of approximately NOK 100 million, which is expected to be
booked in Q2 2010.
Point Carbon, based in Oslo, is a world-leading provider of independent news,
analysis and consulting services for European and global power, gas and carbon
markets. Schibsted has been a financial investor in Point Carbon AS since 2006.
The divestment is a part of Schibsted's efforts to free up capital from
activities that are not considered to be core activities.
Contact person:
Gisle Glück Evensen, Head of M&A. Mobile: +47 918 00 566
Oslo, 27 May 2010
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1419066]