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August 03, 2007
Biggest Baltic Portal Delfi Group Acquired by Ekspress Group
Ekspress Grupp has bought the Delfi Group. The purchase price of the shares is EUR 54.05M.
The transaction is financed by the Ekspress Group's recent IPO and with a bank loan from the syndicate of SEB Ühispank, Sampo Pank and Nordea Pank.
Delfi and its subsidiaries operate 7 Internet portals in Estonian/Latvian and Russian in Estonia and Latvia a portal in the Ukraine. This is their flagship site: Delfi.
2006 revenue for the Delfi Group in were 89.3M kroons. (1 Estonian kroon = 0.087333 U.S. dollars or 0.0639146663 Euros.) By the end of 2006 the number of Delfi users in the Baltic States reached 1.8M.
Posted on August 3, 2007 06:46 AM | Posted to Media | Permalink
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