Schibsted

Completed sale of Schibsted’s news media operations – NOK 6.3 billion

Carnegie Investment Bank is proud to have acted as sole financial adviser to Schibsted in the successful sale of its news media operations to the Tinius Trust. The NOK 6.3 billion transaction, which comprises leading media brands across the Nordics, including VG, Aftonbladet, Aftenposten, Svenska Dagbladet and Podme, was completed on 7 June.

The transaction concludes the process of transforming Schibsted into two more focused companies: a media company, known as Schibsted Media, fully owned by the Trust, and a publicly listed marketplaces company, known as Schibsted Marketplaces until a new name has been announced.

Carnegie once again thanks the whole Schibsted team for the vote of confidence.