Sanoma Corporation, Stock Exchange Release, 29 August 2019 at 9:15 EET
The Dutch ACM approves Sanoma’s acquisition of Iddink
After its assessment, the Dutch Authority for Consumers and Markets (ACM) has today given its final approval for Sanoma’s acquisition of Iddink Group (“Iddink”). This completes further assessment the ACM started as part of its standard review in regard to the acquisition, as announced by Sanoma on 17 April 2019. Sanoma announced its intention to acquire Iddink on 11 December 2018.
The ACM approved the transaction under certain conditions, which were offered by Sanoma. The conditions are in line with normal market practise and do not change Sanoma’s plans related to Iddink. As Sanoma announced at the time of signing, Iddink will, post the intended acquisition, remain a separate entity within Sanoma Learning as regards its commercial operations. It continues serving all educational publishers and digital content providers in its markets on fair, reasonable and non-discriminatory terms. Also, rules and practices to prevent the disclosure of competitively sensitive information to Sanoma’s Dutch learning subsidiary Malmberg by Iddink will be in place.
The local works council of Iddink has already approved the acquisition. Sanoma expects the acquisition to be completed around mid-September 2019.
Kaisa Uurasmaa, Head of Investor Relations and CSR, tel. +358 40 560 5601
Sanoma is a front running learning and media company impacting the lives of millions every day. We enable teachers to excel at developing the talents of every child, provide consumers with engaging content, and offer unique marketing solutions to business partners.
With operations in Finland, the Netherlands, Poland, Belgium and Sweden, our net sales totalled EUR 1.3 billion and we employed more than 4,400 professionals in 2018. Sanoma shares are listed on Nasdaq Helsinki. More information is available at www.sanoma.com.