Mecom Group sells Danish free sheets to Sjællandske Medier

sn_logoSjællandske Medier has acquired three local free weekly titles (Freesheets) from Berlingske Media, the Danish subsidiary of  Mecom Group for a cash price of DKK 37.5 million (€5.0 million), payable in full at completion.

The Freesheets comprise three weekly publications and two media houses, which together contributed €0.9 million mecomto Mecom’s profit before tax in 2012, excluding central overhead allocations. The Sale will be a transfer of the trade and assets of these operations, and will result in the deconsolidation of approximately €2.6 million of assets from Mecom Group’s balance sheet.

Berlingske Media has also agreed to acquire the outstanding 25 per cent minority interest in a printing company subsidiary of Mecom, for DKK 6.5 million (€0.9 million).

The sale is expected to complete on 1st June 2013.

Denmark, Copenhagen

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