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White & Case Advises Sanoma Corporation on Financing for Acquisition of Santillana Spain

Global law firm White & Case LLP has advised Sanoma Corporation, a European learning and media company listed on Nasdaq Helsinki, on the financing for the acquisition of Santillana Spain, a leading Spanish provider of K-12 learning materials, from Promotora de Informaciones S.A. (Grupo Prisa).

The agreed enterprise value of the acquired business is €465 million. Sanoma will finance the acquisition fully with debt and has signed a committed bridge financing facility of €480 million with Nordea Bank Abp and OP Corporate Bank plc.

The White & Case team in Helsinki which advised on the financing was led by partner Tanja Törnkvist and included associate Henna Viljakainen.

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