Schibsted has agreed to sell its shares in Point Carbon AS to Thomson Reuters, as Thomson Reuters takes over the company. For Schibsted, the transaction will imply a sales gain of approximately NOK 100 million, which is expected to be booked in Q2 2010.
Point Carbon, based in Oslo, is a world-leading provider of independent news, analysis and consulting services for European and global power, gas and carbon markets. Schibsted has been a financial investor in Point Carbon AS since 2006. The divestment is a part of Schibsted's efforts to free up capital from activities that are not considered to be core activities.
Contact person:
Gisle Glück Evensen, Head of M&A. Mobile: +47 918 00 566
Oslo, 27 May 2010
SCHIBSTED ASA
Jo Christian Steigedal
VP Investor Relations