10 December 2019
- Gregory Crookes, Pieter P.W.J. Wiegman, Jaap J.A. Tempelman, Floris Van de Bult, Wijnanda A.W. Rutten, Sanne S Blankestijn, Willemijn De W.L. Wit, Michiel Sunderman, Stern S.A.S. Flik, Frans F.B. Muller, Celine C Vermeulen, Jurre J. Jurriëns, Folko de Vries
Clifford Chance advises Sanoma on its divestment of Sanoma Media Netherlands to DPG Media
Clifford Chance has advised long-standing client Sanoma on its divestment of the strategic business unit Sanoma Media Netherlands to DPG Media, the leading Dutch and Belgian cross-media company. Sanoma Media Netherlands consists of leading Dutch and Belgian magazines (incl. Libelle, Donald Duck, vtwonen) and the online news brand NU.nl. Divestment of Media Netherlands is an important step in Sanoma’s strategic transformation from a predominantly media company into a combination of a growing European-based learning company and the leading cross-media company in Finland. The agreed enterprise value of Sanoma Media Netherlands is EUR 460 million.
The Clifford Chance team that advised Sanoma was led by Amsterdam-based partner Greg Crookes and included Pieter Wiegman, Sahur Adam and Luc Van Oosterhout (Corporate), Jaap Tempelman and Bart Van Hattum (IP/IT/data and business separation), Floris van de Bult, Wijnanda Rutten, Sanne Blankestijn, Willemijn de Wit and Marije Senne (Employment and benefits), Michiel Sunderman, Stern Flik and Rocco Ijsselmuiden (Tax), Frans Muller, Jurre Jurriens and Celine Vermeulen (Antitrust) and Folko de Vries (Finance).