EU – Baltic States, Investments, Latvia, Markets and Companies, Real Estate

The remaining 63% of Stockmann centrs shares belong to the Finnish company Stockmann Oyj Abp.

As reported, at end-April, the Sanoma Trade division of the Finnish media company Sanoma Group sold its movie operations in Finland, Estonia, Latvia and Lithuania to the Swedish private equity company Ratos AB for EUR 116 million (LVL 81.5 million).

The transaction was approved by the Finnish and Latvian competition authorities.

Sanoma Group sold the shares of Finnish company Finnkino Oy and its subsidiaries AS Forum Cinemas, SIA Forum Cinemas, UAB Forum Cinemas as well as three properties related to these businesses in Finland and in Latvia.

Stockmann centrs achieved LVL 4.25 million in turnover in 2009, which was 1.1% more than in 2008, when the company's turnover reached 4.2 million. The company's profit amounted to LVL 322,530.