Nordic Business Report-April 25, 2006-Media & Research Group ASA acquires Virtual Garden AS
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The Norwegian advertising and marketing services group Media & Research Group MRG ASA (MRG) said on Tuesday (25 April) that it has agreed to acquire market communications company Virtual Garden AS.
MRG will initially acquire a majority stake of 59%, but will later also acquire the remaining shares.
The consideration for the initial 59% stake is NOK22.2m, which will be paid in shares.
Virtual Garden reported a turnover of NOK86m in 2005.
One Norwegian krone (NOK) is worth approximately 0.08 British pounds (GBP).
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