Keskisuomalainen Oyj signed a deed of sale to acquire Sanomalehti Karjalainen O, Karelia Viestintä Oy and PunaMusta Paikallismediat Oy from PunaMusta Media Oyj for ?8.5 million.

Keskisuomalainen Oyj (HLSE:KSLAV) signed a deed of sale to acquire Sanomalehti Karjalainen O, Karelia Viestintä Oy and PunaMusta Paikallismediat Oy from PunaMusta Media Oyj (HLSE:PUMU) for ?8.5 million on January 31, 2024. The transaction will be financed through cash assets and debt financing. In connection with the transaction, Keskisuomalainen Oyj will sign a three-year newspaper printing subcontracting agreement with PunaMusta Media Oyj and a nine-month website manufacturing subcontract.

As of 2022, the net sales of PunaMusta Media Group's media business were ?19.0 million, EBITDA of ?1.2 million, operating profit of ?0.7 million and balance sheet total of ?5.5 million. The completion of the transaction is subject to approval by the Finnish Competition and Consumer Authority and is expected to be completed during the first half of 2024. As on March 6, 2024, the transaction has been approved by Competition authority.