Schibsted ASA (SCH) - Schibsted divests real estate in Bergen
Schibsted Media Group has entered into an agreement to sell the Bergens Tidende
office building at Krinkelkroken 1 in the centre of Bergen for NOK 350 million.
The building mainly consists of office space, totally gross 9563 square meters.
The transaction is expected to be completed in Q4 2013, and Schibsted expects to
book a gain of around NOKÂ 130 million.
Bergens Tidende has a lease contract for the offices in Krinkelkroken 1 which
expires at the end of Q1Â 2017, with options to prolong. At the Schibsted group
level the sale will have a net negative annual effect on gross operating profit
(EBITDA) of around NOK 20 million.
Oslo, 19 December 2013
Jo Christian Steigedal
VP Investor Relations
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Schibsted via GlobeNewswire