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Modern Times Group sells 95% stake in Nova Broadcasting to PPF Group

Monday 19 February 2018 | 12:17 CET | News
Modern Times Group (MTG) said it is selling its 95 percent shareholding in Nova Broadcasting Group in Bulgaria to PPF Group, the investment company controlled by Petr Kellner. The all-cash transaction implies an enterprise value of EUR 185 million and the sale will result in a net capital gain. MTG said this is the last disposal of international entertainment operations, in line with its transformation from a traditional national broadcaster into a global digital entertainer.

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Categories: Broadcast & Satellite
Companies: Modern Times Group / Nova
Countries: Bulgaria
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