October 17th, 2007
Rautakirja Acquires Minority Shares in its Lithuanian Press Distribution Company
Rautakirja Corporation has signed an agreement on the purchase of the minority shares in its Lithuanian press distribution subsidiary UAB Impress Teva. After this transaction, Rautakirja owns 100% of the company. The transaction has been agreed upon with the minority shareholders already previously. The deal is subject to the approval of the Lithuanian antitrust officials.
Rautakirja is the market leader in kiosk operations, press distribution and movie theatres in Finland and the Baltic countries, and press distribution in Romania. Additionally, it leads the Finnish and Estonian markets for bookstores and, from the beginning of 2007, also the Dutch market for press distribution. Its press distribution business and kiosk operations have also expanded into the Russian market. Rautakirja is a division of the SanomaWSOY Group
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