CMS Wistrand advises NWT Group in strategic partnership with Bonnier News Local

CMS Wistrand has advised the NWT Group in entering into a strategic partnership and cross-ownership with Bonnier News, Amedia and Gota Media. As a result of the transaction, NWT Gruppen, through its subsidiary NWT Media Holding AB, will become a 15 percent shareholder in Bonnier News Local AB, while Bonnier News Local AB will in turn become a 30 percent indirect shareholder in NWT Media and NWT Distribution.

The aim of the partnership is to create synergies in technology and digital platforms and to promote co-operation in the reader and advertising markets. This aims to strengthen and future-proof local journalism in Värmland, Dalsland and Skaraborg. The transaction is now subject to review and will be finalised upon approval by the Swedish Competition Authority.

CMS Wistrand's team consisted mainly of Mårten Hulterström, Hendrik Kangasmuukko, Erik Frykenholt and Aaron Coster.