At half past four o’clock yesterday went Schibsted out to institutional investors with the offer to participate in the rights issue. In less than an hour over signed on, according to sources Breakit. It means that the media group receives slightly more than SEK 2.8 billion (NOK 2.6 billion) by issuing 10.8 million new B shares.
The purpose of the rights issue is to raise capital to make acquisitions. Schibsted looking for companies in the field of “online classifieds” (line announcement) like block. Some of the money could be used to finance the planned purchase of Hemnet. But so long struggles two of the four owners receive and have not accepted the offer of 1.5 billion.
– We are making this issue to make a greater financial flexibility to grow in the markets we are in, says Schibsted CFO Trond Berger .
If the bid for Hemnet he has no new notice to leave, yet they still are interested to get your hands on the Swedish housing site.
– We have made an offer, and has an agreement with 50 percent of the owners. Then we have a good dialogue with the other two. That’s what I can say.
What other companies are you looking at?
– We never comment on specifically which companies we are looking at. But we want to strengthen our positions in the markets we are in.
In addition, some of the new money be used to reduce debt.
– Company’s overall strategy remains unchanged; continued growth in online classifieds, and developing media house in world-class digital ecosystem that stimulates growth-related concepts, says company to Norwegian Today’s Enterprise.
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