Polaris Media ASA (DE:93J) has released an update.
Polaris Media ASA has sold 3,148,853 B-class shares in Schibsted ASA, reducing its stake to 2.09% of the company’s outstanding shares. This strategic move, following significant value appreciation, aligns with Polaris Media’s decision to adjust its exposure to Schibsted after previously divesting a portion of its holdings in Finn. The sale, priced at NOK 321 per share, reflects Polaris Media’s confidence in Schibsted’s future prospects.
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