IFLR1000

Sanoma €115 million acquisition of Alma Media's regional news media operations

11/2/2020
Public acquisition
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€ 115 million

$ 127 million

Announced

11/2/2020

Overview:

  • Helsinki-based media group Sanoma will acquire Alma Media's news media and printing businesses, including Alma Media Kustannus, thirteen additional local newspapers and printing services business Alma Manu.
  • The enterprise value for the transaction is €115 million, making it one of the largest in the Finnish media sector.

Natasha Forrest - Researcher 

Jurisdiction:

Finland

Deal type:

Public acquisition

Practice area:

M&A

Industry sector:

Media

Firms:
Avance

Party: Alma Media (Seller)

Lawyer: Carl-Henrik Wallin

Hannes Snellman

Party: Sanoma (Acquirer)

Lawyer: Riikka Rannikko

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