Alma Talent sells the Affärsvärlden business to Börsplus Ab

Alma Media Corporation               Press Release           20 December 2019
 

ALMA TALENT SELLS THE AFFÄRSVÄRLDEN BUSINESS TO BÖRSPLUS AB

Alma Talent has agreed on a business transfer agreement under which it sells the Affärsvärlden financial media business to the Swedish company Börsplus Ab effective from March 2020. The transfer agreement is a continuation of the decision made by Stiftelsen Affärsvärlden, which owns the Affärsvärlden brand and publishing rights, to transfer the publishing rights of Affärsvärlden to Börsplus Ab starting from 2021.

 - “The business transaction agreed upon by Alma Talent Ab ensures employees a flexible transfer to a new employer and secures seamless service for customers,” says Juha-Petri Loimovuori, CEO of Alma Talent.

The Affärsvärlden editorial office has five employees and estimated revenue businesses to be divested is MEUR 2.7 for 2019.

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

Further information: Juha-Petri Loimovuori, CEO, Alma Talent, +358 10 665 2360        

Alma Media in brief

Alma Media is a media company focusing on the service business and journalistic content. The company’s best-known brands are Kauppalehti, Talouselämä, Affärsvärlden, Iltalehti, Aamulehti, Etuovi.com and Monster. Alma Media builds sustainable growth for its customers by utilising the opportunities of digitalisation, including information services, system and expert services and advertising solutions. Alma Media’s operations have expanded from Finland to the Nordic countries, the Baltics and Central Europe. Alma Media employs approximately 1,900 professionals (excluding delivery employees), of which approximately 30% work outside Finland. Alma Media’s revenue in 2018 was EUR 354.6 million. Alma Media’s share is listed on NASDAQ Helsinki. Read more at www.almamedia.com.