Nordic Business Report-December 21, 2006-Schibsted ASA subsidiary increases stake in Infojobs S.A. (C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com Norwegian media group Schibsted ASA said on Thursday (21 December) that its 77%-owned subsidiary Anuntis Segundamano Holding S.L. has increased its stake in Infojobs S.A. from 60% to 93.56%. The stake was increased by executing the existing option agreement between Anuntis Segundamano and the Spanish company Grupo Intercom and a subsequent share capital increase. The total consideration paid by Anuntis Segundamano is EUR12.5m. In conjunction with the execution of this agreement Anuntis Segundamano and Grupo Intercom have entered into a new shareholding agreement under which Grupo Intercom will retain a 6.44% shareholding in Infojobs. This shareholding is governed by mutual call put arrangements, the conditions of which will depend on the financial performance of Infojobs. According to Schibsted, Infojobs is the leading private employment website in Spain and Europe based on its quantity of CVs, volume of job offers, growth, experience and innovation and service quality. Anuntis Segundamano is the leading company within offline and online Spanish classified media with operations in Spain, Argentina, Brazil, Colombia, Mexico and Venezuela. Schibsted, headquartered in Oslo, Norway, regards Norway and Sweden as its home markets, but has operations in a total of 20 countries. The group reported a turnover of NOK9.8bn in 2005. Schibsted is listed on the Oslo Stock Exchange under the ticker SCH. One British pound (GBP) is worth approximately 1.49 euros (EUR). One British pound (GBP) is worth approximately 12.21 Norwegian kroner (NOK). ((Comments on this story may be sent to [email protected]))