Schibsted ASA (SCHA/SCHB) - Schibsted ASA completes sale of news media operations

07 Jun 2024 08:51 CEST

7.6.2024 08:51:49 CEST | Schibsted | Non-regulatory press releases

Schibsted ASA ("Schibsted" or "Schibsted Marketplaces") today announces that the
divestment of its news media operations to the Tinius Trust through Blommenholm
Industrier AS (collectively the "Trust") has been completed.

As first announced in December 2023, with a final agreement signed in March
2024, the decision to divest its news media operations transforms 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.

Since the announcement, all assets, rights and liabilities relating to Schibsted
Media have been carved out and new leadership teams for Schibsted Marketplaces
and Schibsted Media have been announced. With today's announcement, outgoing CEO
Kristin Skogen Lund will, as previously communicated, leave her position, and
the new leadership teams - under Christian Printzell Halvorsen for Schibsted
Marketplaces, and under Siv Juvik Tveitnes for Schibsted Media - become
effective.


Oslo, 7 June 2024
SCHIBSTED ASA


For further information, please contact:

Schibsted Marketplaces:
Daniel Frykholm
VP, Head of Group Communications
+46 70 206 77 86
daniel.frykholm@schibsted.com

News Media:
Bjørn-Martin Bache Nordby
Head of Communication Schibsted Media
+47 977 00 019
bjorn-martin.bache.nordby@schibsted.com

Jann-Boje Meinecke
Head of Investor Relations
Phone: +47 941 00 835
ir@schibsted.com

Malin Ebenfelt
Investor Relations Officer
Phone: +47 916 86 710
ir@schibsted.com

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847482/3186/4621/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

620955_Download announcement as PDF.pdf