Metro Denmark sold to Swiss Tamedia
The Swiss Tamedia group, publisher of the leading free daily in that country, will acquire free dailies MetroXpress and 24timer from Metro International.
Tamadia will buy all shares in the group, including the shares of A-Pressen and JP/Politiken (both 24.5% of shares). The sale will be effective on January 1, 2013.
The sale is another sign of Metro pulling out of Europe – leaving the titles as franchises – and concentrate on developing marktes, mainly in Latin America. (Journalisten.dk)
MetroXpress is the best read paper in the country, 24timer is 4th.