Ivania

Assets

For April, 2015:

• 33.3% - Delovoi Standard, own the Vedomosti newspaper

History

2015: The redemption of a part of assets Sanoma in Russia

In April, 2015 the Finnish media group Sanoma confirmed sale of a share in the newspaper "Vedomosti" and other leading assets in Russia. It is said in the statement that the Ivania Ltd company acted as the buyer of 33.3% of the stocks Delovoi Standard. Besides, Sanoma agreed about sale of a portfolio "United press" Moscow Times LLC companies. Only owner Ivania Ltd. and Moscow Times LLC became the former CEO of ID by this time "Kommersant" Demyan Kudryavtsev, he confirmed to Vedomosti.

Transaction amount (before recalculation taking into account currency rate) was about 8 million euros. The head of Sanoma Harry-Pekka Kaukonen said:

"We are sure that cult editions appeared in good hands and will continue to develop, as well as other leading Russian assets"^[1].

It was announced what within half a year of Sanoma Independent Media will remain service company for Vedomosti, The Moscow Times and magazines: will continue to sell a part of advertizing and to be engaged in marketing.

As for United of press, Kudryavtsev purchased not publishing house, but brands and licenses for the edition of magazines. Also passed obligations to employees to it. The United Press portfolio include the editions Men's Health, Women's Health, National Geographic and others.

It was announced that Dow Jones and FT Group intend to remain co-owners of Vedomosti.

"It is extraordinary useful to be in partnership with such world companies, it can be fine school and science. Nothing to change in just a moment sense I do not see" — Kudryavtsev told.

Notes