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Cision divests subsidiary in Lithuania

Cision has today sold all the shares of its subsidiary in Lithuania to Baltic News Service (BNS), a leading Baltic news agency and media information company, owned by the Alma Media group. Cision Lithuania had revenues of about SEK 9 million in 2008 and currently employs 43 people. Cision Lithuania’s business has been focused on the Monitor and Analyze service areas.

Cision and BNS have also entered into a supply...