Alma Media sells its stake in Rantapallo Oy

Alma Media Corporation                         Press release                         16 February 2023

ALMA MEDIA SELLS ITS STAKE IN RANTAPALLO OY

Alma Media has today sold its stake (79%) in Rantapallo to the minority owner TukTuk Media Oy.

TukTuk Media Oy is a company specialising in digital services that founded Rantapallo.  

Rantapallo was founded in 2007. It is a travel portal focused on travel content and low-cost last-minute departures, with a revenue of MEUR 0.5 in 2022.

The parties have agreed not to disclose the transaction price. The transaction does not have a significant impact on Alma Media’s result.

“In accordance with Alma Consumer’s strategy, we are focusing on digital services in the housing and automotive sectors, comparison services and media.  We wish the service all the best in the future,” says Kari Kivelä, the SVP of Alma Consumer.

“We are excited to acquire all the shares in Rantapallo. Now we can develop the service entirely from our own starting points. Rantapallo has a strong market position in its target audience, and we aim to make it even stronger. We thank Alma Media for our journey together,” says Jani Uljas, the CEO of TukTuk Media.

For more information, please contact: Kari Kivelä, SVP, Alma Consumer, tel. +358 (0)10 665 2032.

Distribution: NASDAQ Helsinki, main media, www.almamedia.fi

Alma Media in brief

Alma Media is an international company of digital media, marketplaces and services with a strong capacity for renewal. We inspire human curiosity and choice by creating services that combine technology and content with a local heart. In Finland, our best-known brands include Kauppalehti, Talouselämä, Iltalehti, Etuovi.com, Nettiauto and Nettimoto. Our recruitment services include prace.cz and jobs.cz in the Czech Republic, Profesia.sk in Slovakia and mojposao.net in Croatia.

In Finland, our business operations include leading housing and automotive marketplaces, financial and professional media, national consumer media and content and data services for businesses and professionals. Alma Media’s international business in Eastern Central Europe, Sweden and the Baltic countries consists of recruitment services and an online marketplace for commercial properties.

Alma Media operates in 11 countries in Europe and employs approximately 1,700 professionals. Alma Media’s revenue from continuing operations was EUR 309 million in 2022 of which the share of digital business was 81%. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.fi/en/.