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).
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