All agreed loans

Norway. Schibsted Finans AS

Date of agreement: 12 Apr 2007
Country: Norway
Customer: Schibsted Finans AS
Amount in EUR: EUR 25 million
Maturity: 12 years
NACE sector / loan type: Publishing, printing and reproduction of recorded media
Business area: Industries and services

Project

The 12-year-maturity loan totalling EUR 25 million is aimed at financing Schibsted ASA's acquisition of selected activities of Trader Classified Media in Spain, France, Italy and Switzerland as well as some activities in Latin America. The acquisition provides Schibsted with a strong position in the online classifieds markets of these countries as a supplement to its established position in Norway and Sweden. Founded in 1839 and being Norway's largest media group, Schibsted has established products in newspapers, film and TV production, publishing, as well as Internet and mobile services. The group has substantial activities in Sweden and operations in Spain, France, Denmark, Estonia, Latvia, Lithuania, Austria, Russia and Singapore.

Sustainability summary

The printed media part of the project will have manageable environmental impacts. The newspaper production is largely digitalised and the printing operations apply modern technologies that do not allow any leakage of printing chemicals.