Alma Media Oyj (HLSE:ALMA) agreed to acquire the remaining 16.66% stake in Alma Career Oy from Monster Worldwide Scandinavia AB for €58.5 million on March 31, 2021. The purchase price of €58.5 million is based on Alma Career's debt-free enterprise value of the entire share capital, €300 million. Following the completion of the transaction, Alma Career will be fully owned by Alma Media. It is expected that simplifying the ownership structure will clarify and support the development of Alma Career's recruitment business in accordance with Alma Media's strategy. The Monster branded job boards in Finland (Monster.fi) and Czech Republic (Monster.cz) will continue to operate as Monster. The change does not affect customer relations and will not require any actions from Monster's customers in Finland or Czech Republic. Alma Career's revenue in 2020 was €62.7 million, EBITDA €23.9 million, and operating profit €20.6 million. The redemption of the minority interest affects Alma Media Group's balance sheet position by the redemption price of the minority interest being deducted directly from the group's equity. Anders Carlberg and Jasper Kuhlefelt of Dittmar & Indrenius Attorneys Ltd. acted as legal advisor to Monster Worldwide Scandinavia AB. Alma Media Oyj (HLSE:ALMA) completed the acquisition of remaining 16.66% stake in Alma Career Oy from Monster Worldwide Scandinavia AB on March 31, 2021. Juha Raunio and Kimmo Voutilainen of Clairfield International acted as fairness opinion provider to Alma Media.