Mecom Group finalises sale of Edda Media

Northern Europe-focused publishing business Mecom Group has said it welcomes an announcement by the Norwegian Competition Authority that it has cleared the sale of Mecom Europe, the holding company of Edda Media, to A-pressen.

Northern Europe-focused publishing business Mecom Group has said it welcomes an announcement by the Norwegian Competition Authority that it has cleared the sale of Mecom Europe, the holding company of Edda Media, to A-pressen.

On December 5th last year Mecom announced that it had agreed the sale at a multiple of 7.2 times Edda Media's 2011 full-year consensus earnings before interest tax depreciation and amortisation (EBITDA).

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.