Cision divests subsidiary in Lithuania
October 1, 2009Cision sold all the shares of its subsidiary in Lithuania to Baltic News Service (BNS), a leading Baltic news agency and media information company, owned by the Alma Media group. Cision Lithuania had revenues of about SEK 9 million in 2008 and currently employs 43 people. Cision Lithuania’s business has been focused on the Monitor and Analyze service areas. Cision and BNS have also entered into a supply agreement regarding Baltic monitor content and analysis services. The purchase price was about SEK 6 million on a cash and debt free basis, paid on October 1, 2009. The divestment will not have a significant impact on the Cision Group’s operating profit in 2009.
Source
http://www.cisionwire.com/cision/cision-divests-subsidiary-in-lithuania
Related companies
Back to Headlines
Get Outsell's Information Industry Headlines delivered via e-mail
You can sign up for e-mail delivery of our information industry headlines.
We offer both a daily summary of headlines and a weekly roll up of all our headlines
Have information industry news we should know about?
E-mail us your news item,
or submit your news item using our form Headline Suggestions
