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Polaris Media ASA ( (DE:93J) ) has shared an announcement.
Polaris Media ASA has agreed to purchase NWT Gruppen’s 20 percent stake in Stampen Media for 195 million Swedish kronor, aiming to become the sole owner by acquiring VK Media’s stake in 2025. This acquisition marks a strategic move to strengthen Polaris Media’s position in the Swedish media landscape, particularly on the west coast, where Stampen Media has shown significant growth since 2019, now encompassing 16 subscription newspapers and a robust distribution business.
More about Polaris Media ASA
Polaris Media ASA is a prominent player in the media industry, focusing on news media operations. The company is involved in the ownership and management of various media outlets, including newspapers and distribution services, with a significant presence in the Swedish market.
Average Trading Volume: 15,131
Current Market Cap: NOK3.06B
For detailed information about 93J stock, go to TipRanks’ Stock Analysis page.