Ashurst has advised Metro International, a subsidiary of Investment AB Kinnevik, on the sale of its Hong Kong business, Metro Publishing Hong Kong, to a local investor. Metro Publishing Hong Kong publishes Metro Daily, a free newspaper distributed in MTR stations and other key locations in Hong Kong.

Kinnevik is a major Swedish investment company and a key client of Ashurst's Stockholm office. It is one of Europe's largest holding groups and has a strong focus on the telecommunications and media sectors.

The Ashurst team advising Metro International was led by Hong Kong-based partner Jonathan Hsui, assisted principally by senior associates Daniel Öhvall and Chin Yeoh.