Schibsted to float online classifieds business
Schibsted, the Norwegian media group, has officially kickstarted the process of spinning off its online classified advertising business as an independently listed company, expected in 2019.
The business, which will be known as MPI, will be floated on a stock exchange. Schibstead will remain the majority shareholder following the IPO.
Rolv Erik Ryssal, the current CEO of Schibsted, will lead the company. He will be replaced as CEO of Schibstead by Kristin Skogen ...Please take a trial or subscribe to access this content.
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