Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Egmont Publishing acquires a minority stake in Garnius.no
November 30, 2018

Egmont publishing has acquired a minority stake in Norway’s largest yale and knitting accessory webshop, Garnius.no. Garnius.no was established in 2016 and expects a revenue of NOK 90m this year. Egmont has invested in e-commerce companies and webshops since 2013. Garnius.no reported a revenue of NOK 67m and EBITDA of NOK 2.3m in 2017. The deal value is undisclosed.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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