June 30 (Reuters) - Schibsted says:
* Closing of the transaction to increase ownership in OLX Brazil and Yapo Chile and divest Asian assets
* Gains of approximately NOK 1.3 billion will be recognized in consolidated financial statements of schibsted for q2 2017
* Amount will be reported on "other income and expenses" line in consolidated income statement.
* Transaction implies a cash payment to telenor of $400 million. Schibsted has financed amount with debt. Source text for Eikon: Further company coverage: (Reporting by Gwladys Fouche)