Sanoma completes sale of its book logistics company Porvoon Kirjakeskus to Bonnier as part of strategy to focus operations, concentrate on consumer media and learning
April 2, 2012
– The divestment of Sanoma's book logistics company Porvoon Kirjakeskus Oy, announced on 2 March 2012, has been closed today. In the transaction Sanoma sold the entire share capital of Porvoon Kirjakeskus Oy to Bonnier Books Finland Oy. Finnish competition authorities approved the transaction on 15 March 2012.
The divestment is in line with Sanoma's strategy to focus its operations and to concentrate on consumer media and learning. The divestment will not affect the Sanoma Group's outlook for 2012.
Sanoma inspires, informs and connects. As a diversified media group, we bring information, experiences, education and entertainment to millions of people every day. We make sure that quality content and interesting products and services are easily available and meet the demands of our readers, viewers and listeners. We offer a challenging and interesting working environment for nearly 15,000 people in over 20 countries. In 2011, the Group's net sales totalled EUR 2.7 billion.