Scanpix Scandinavia AB and Pressens Bild AB to merge.
NORDIC BUSINESS REPORT-5 July 2005-Scanpix Scandinavia AB and Pressens Bild AB to merge(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish picture agency Scanpix Scandinavia AB said on Tuesday (5 July) that it had entered into an agreement to merge with its competitor Pressens Bild AB to create a leading northern European picture agency with 65 employees and a combined turnover of some SEK100m.
The combined company will be 50/50-owned by Bonnier AB, the owner of Pressens Bild, and Scanpix Scandinavia.
Scanpix Scandinavia is 75%-owned by the Norwegian media group Schibsted ASA.
The proposed merger is conditional on approvals from the competition authorities.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
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|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Jul 5, 2005|
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