Article: Schibsted ASA (SCH) - Divestment of shares in Polaris Media.

Article from:
Europe Intelligence Wire
Article date:
May 26, 2009
Copyright

(From Hugin)

Schibsted on May 18 2009 initiated a book building process for sale of shares in Polaris Media. The process has today been terminated.

Schibsted still intends to divest the shares. However, in the light of the current situation in the financial market, a divestment where Schibsted maintains the financial exposure to Polaris Media going forward is being considered. The solution will be ...

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