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Mecom’s sale of Edda Media to A-pressen gets conditional approval

By  |  June 29, 2012

The Norwegian Competition Authority has approved the Mecom’s sale of Edda Media to A-pressen for $296 million. The deal brings together the nation’s second and third-largest newspaper groups by revenue.

Antitrust approval for Mecom’s sale of Edda Media is conditioned on A-pressen selling two of its newspapers: Demokraten in Fredrikstad, and either Varden or Telemarksavisa in Telemark. The divestments will resolve the Authority’s concerns that the acquisition will substantially restrict competition in the market for advertisement in Telemark and Fredrikstad, and the market for news reporting in Telemark. Agderposten Media and Tanke Media have been approved by the Authority to buy Demokraten; no buyer has yet been approved for the second.

Full content: Financial Times

 

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