Dow Jones sells stake in Czech publisher for $20 mln

29.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

Dow Jones & Co. Inc. said it sold its 23.5 percent stake in Czech publisher Economia to majority owner Verlagsgruppe Handelsblatt for about...

...$20 million or 15.25 million euros.

Dow Jones expects the deal to add to earnings minimally in 2007 and will use the proceeds to pay down debt and reduce interest expenses, the company said in a statement. (Reporting by Hari Kumar in Bangalore) ((Editing by Rumman Ahmed; Reuters Messaging: hari.kumar.reuters.com@reuters.net; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800 )) Keywords: DOWJONES TAKEOVER/VERLAGSGRUPPE

[Reuters/Finance.cz]

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