Tallinn, Estonia, 2011-07-05 14:06 CEST (GLOBE NEWSWIRE) --
The Supervisory Board of AS SL Õhtuleht has decided to acquire 100% ownership of AS Linnaleht from AS Eesti Meedia and Eesti Päevalehe AS (a subsidiary of AS Ekspress Grupp) with the future plan to join AS Linnaleht with AS SL Õhtuleht. The planned merger would not affect the publication of the newspapers.
AS Ekspress Grupp acquired 50% ownership of AS Linnaleht with the acquisition of additional shareholding in Eesti Päevalehe AS in March 2011.
The transaction does not change the Group’s shareholding in AS Linnaleht.
Additional information:
Gunnar Kobin
Chairman of the Management Board
GSM: +372 5188111
e-mail: gunnar@egrupp.ee