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Polaris Media ASA Sells Shares in Schibsted ASA for NOK 500 Million

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Polaris Media ASA Sells Shares in Schibsted ASA for NOK 500 Million

Polaris Media ASA ( (DE:93J) ) just unveiled an update.

Polaris Media ASA has sold 1,663,122 B-class shares in Schibsted ASA, comprising approximately 0.71% of Schibsted’s share capital, for NOK 500 million. Following this transaction, Polaris Media retains 3,218,304 B-class shares in Schibsted, with a lock-up period of 90 days for the remaining shares, impacting its market position and stakeholder value.

More about Polaris Media ASA

YTD Price Performance: -2.07%

Average Trading Volume: 39

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €344.2M

For an in-depth examination of 93J stock, go to TipRanks’ Stock Analysis page.

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