North Media A/S (CPSE:NORTHM) agreed to acquire Lokalavisen Frederiksberg, Lokalavisen Østerbro and 3 other companies from Michael Engelbrecht for DKK 6.5 million in cash on December 16, 2016. The target companies includes Lokalavisen Frederiksberg, Lokalavisen Østerbro, Lokalavisen Vesterbro, Lokalavisen Valby and Lokalavisen Vanløse. The newspapers have been acquired by way of a transfer of assets. The transaction is expected to close on January 1, 2017. North Media A/S (CPSE:NORTHM) completed the acquisition of Lokalavisen Frederiksberg, Lokalavisen Østerbro and 3 other companies from Michael Engelbrecht on January 1, 2017.