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MTG delays formal NENT split beyond 2018 as Kinnevik plans to distribute MTG shares

Tuesday 19 June 2018 | 12:16 CET | News
Modern Times Group (MTG) said it will wait until its largest stakeholder Kinnevik has distributed its 20 percent stake in MTG to its shareholders in the third quarter, before continuing its work towards the distribution of Nordic Entertainment Group (NENT). MTG said splitting off NENT is subject to the approval of an MTG EGM, which will not now be completed in 2018. It added that MTG and NENT will still begin operating separately from 01 July, as planned.

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Categories: Broadcast & Satellite / Internet
Companies: Modern Times Group / Nordic Entertainment / TDC
Countries: Sweden
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