Market announcement
AS Ekspress Grupp
LEI code
529900B52V1TUMW7FS54
Size of the entity
Large group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
1511
Submission date and time
04.04.2008 10:08:41
Content of announcement in English
Title
Reorganisation of structure
Message
AS Ekspress Grupp reorganised the structure of the Internet businesses of the group. Eesti Päevaleht bought out the shares of Eesti Ekspress in the joint company OÜ Netikuulutused, which administers the job offers portal www.hyppelaud.ee. As a result of this transaction, Eesti Päevalehe AS is the sole owner of OÜ Netikuulutused. The new ownership structure enables Eesti Päevaleht to speed up the development of cooperation between the Internet and the paper version since, due to the character of job offers at www.hyppelaud.ee, the synergy between the Internet and the paper versions of Eesti Päevaleht are greater. In March, Eesti Ekspress launched its own job offers environment www.ekspressjob.ee, which is mainly aimed at the managers and specialists sector. Focused job offer portals enable to address to the target group directly. It is easier tocooperate with paper publications, as well as to improve marketing activities. www.hyppelaud.ee is visited by almost 31 000 unique users every week, and there are permanently posted more than 1000 active job offers. Sales revenue of OÜ Netikuulutused in 2007 was MEEK 5.7 and profit MEEK 1.8. Additional information: Priit Leito, Chairman of the Board AS Ekspress Grupp, E-mail: [email protected] Tel: +372 669 8340