Mecom, the Europe focused media group, has confirmed it is in discussions to sell its Norwegian division Edda Media.
Edda controls 30 newspapers, mainly in the more populated east of Norway, and 46 websites. It also operates three printing plants in the country.
Mecom shares rose 9.59% on news that it has received a "number of approaches" although the stock is still down 19% on the year to date.
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