Update on the Hemnet acquisition process

Schibsted ASA (SCHA/SCHB) , Published 13/05/2016 08:54:54

Blocket has received a draft statement of objections from the Swedish Competition Authority detailing its concerns in relation to Blocket’s planned acquisition of Hemnet. In the statement, the Swedish Competition Authority takes a negative view to the transaction in its current form. Schibsted will continue its dialog with the Swedish Competition Authority to explore whether commercially viable remedies can be offered to address the concerns identified by the authority.

Contact person:
Trond Berger, CFO. Tel: +47 916 86 695

Oslo, 13 May 2016

Jo Christian Steigedal
Head of IR

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.