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.

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Andrzej Sowula

Andrzej Sowula has been a writer and an analyst for AIM Group since March 2013, focusing on the Polish market. As a journalist, he has worked in Poland for regional newspapers and national Internet-focused magazines for almost a decade. He has also substantial both in-house and in a PR agency experience as a PR specialist. Currently, he owns a small PR consultancy in Poland called PR Solutions. Andrzej has graduated from Journalism, Political Science and Business and Management at Jagiellonian University. He lives and works in Krakow.