Schibsted ASA (SCH) - Sale of printing plant building and lease agreement
(Thomson Reuters ONE) -
Schibsted ASA has, through its fully owned subsidiary Schibsted Eiendom AS,
accepted an offer concerning the sale of the building used by Schibsted Trykk AS
in Sandakervn. 121 in Oslo for NOK 760 million. The building contains production
spaces, warehouse, offices and parking space, totally close to 45,000 sqm.
Schibsted will enter into a lease agreement for fifteen years with the option to
extend the agreement for five plus five plus five years. A final agreement is
under negotiation, and the transaction is expected to be finalized during the
second quarter of 2010.
The accounting gain for Schibsted will be around NOK 400 million. At the group
level the sale will have a net yearly negative impact on operating profit before
other revenues and expenses (EBITA) of about NOK 30 million. At the Schibsted
Trykk level the rental costs will be unchanged.
The sale is subject to approval from the Board of Schibsted ASA and subject to
financing on the Buyers side.
Contact person:
Trond Berger, EVP and CFO. Mobile: +47 916 86 695
Oslo, 26 March 2010
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
[HUG#1397990]
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Datum: 26.03.2010 - 03:50 Uhr
Sprache: Deutsch
News-ID 1012014
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