Schibsted ASA (SCHA/SCHB) - Schibsted strengthens its leading position in Mexico through acquisition of online classifieds site Anumex
Schibsted Media Group has acquired the Mexican online classifieds site Anumex.
Schibsted's fully owned existing online classifieds site Segundamano.mx is the
largest online classifieds site in Mexico in terms of traffic, content and brand
recognition. Anumex contributes to strengthen this position.
Anumex is leading in some of the 31 Mexican federal states. The site was
launched in 2004, and has up until Schibsted's acquisition been owned by the
founders and financial investors. Segundamano.mx was launched by Schibsted in
July 2012, and has experienced solid growth since.
"By combining the two sites, we are able to create additional value for buyers
and sellers through an even larger and more liquid market place. This
acquisition represents another move towards our goal of establishing strong,
market leading online classifieds positions in attractive markets. To achieve
this goal, we invest both through organic initiatives, bolt on acquisitions and
structural agreements, CEO of Schibsted Media Group," Rolv Erik Ryssdal says.
Schibsted regards the Mexican online market to be highly attractive, though
relatively immature. Internet penetration as well as the general economy enjoys
high growth rates.
The parties have agreed not to communicate the value of the transaction, and the
transaction has been closed.
Contact person:
Trond Berger, CFO. Tel: +47 916 86 695
Oslo, 18 June 2015
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1929566]