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Schibsted ASA (SBSTA.OL)

SBSTA.OL on Oslo Stock Exchange

316.20NOK
8:23am GMT
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Tue, Sep 18 2018

UPDATE 1-Schibsted to spin off international online classifieds in IPO

* Shares surge more than 10 percent (Adds analyst comment, background)

Schibsted to spin off international online classifieds in IPO

OSLO, Sept 18 Media group Schibsted will spin off its international online classified ads operations in an initial public offering, the Norwegian company said on Tuesday, sending its shares surging more than 10 percent.

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