Alma Media sells City24
01 Dec 2014
Alma Media sold the real estate classified site City24, operating in the Baltic countries, to Oü 24m2, which is owned by Koha Capital Oü, an Estonian venture capital company. The parties agreed not to disclose the transaction value.
As a result of the transaction Alma Media will book a €1.9 million sales gain in its Q4 of FY2014 profits. The 2014 revenue of City24 was estimated to amount to €1.