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Mediahuis, VP Exploitatie get closer to TMG takeover

Wednesday 11 January 2017 | 14:58 CET | News

Belgian publisher Mediahuis and VP Exploitatie have already secured more than half of all shares in TMG after cutting binding agreements with shareholders Delta Lloyd and Navitas. These offered their stakes of 7.3 and 6.7 percent, respectively, giving Mediahuis and VP Exploitatie 55 percent of shares. The acquisition of TMG, announced last month, will now be able to take place.

Mediahuis and VP Exploitatie want to eventually get 95 percent of shares in order to delist TMG. The parties are in talks to around a binding acquisition bid.



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