IFLR1000

DNB Savings Bank Foundation NKr1.4 billlion acquistion of Amedia

22/2/2016
Private acquisition
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NKr 1.4 billion

$ 163.506 million

Completed

22/2/2016

Overview:

  • Charitable group the DNB Savings Bank Foundation acquired Amedia in a NKr1.4 billion deal.
  • Amedia is Norway's largest publisher of local media titles and significant distribution in the Russian market.
  • The sellers were Telenor, the Norwegian Confederation of Trade Unions, and The Fritt Ord Foundation.

Kurt Stumpo - Journalist

Jurisdictions:

Norway
Russia

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Norway

Industry sector:

Media

Firms:
Thommessen

Party: DNB Savings Bank Foundation (Acquirer)

Lawyers: Hans Cappelen Arnesen, Lars Eirik Gåseide Røsås

Wikborg Rein

Party: Telenor (Seller)

Party: Norwegian Confederation of Trade Unions (Seller)

Lawyer: Sigurd Opedal

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