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Sanoma buys events

Sanoma, the Finnish quoted media and learning company, has bought the remaining 40% of the equity of Nelonen Media, a Finland-based event company in which it has held 60% since 2018, from parent NCD production. Neolonen typically has 20 events in its annual calendar and is the largest company in the Finnish market. The company expects to resume half of its events in 2021. Sanoma offers learning content across primary, secondary and vocational education, as well as entertainment and news brands. The company reached over €1bn in 2020 with a 15% margin. 

Sanoma