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NENT completes studio sales to Fremantle with positive net cash flow effect of SEK 410 mln

Thursday 30 September 2021 | 15:17 CET | News
Nordic Entertainment Group (NENT) said it has completed the sale of twelve production labels to RTL's Fremantle after receiving approval from the relevant regulators. The transaction will have a positive net cashflow effect of approximately SEK 410 million and a negative effect of approximately SEK 40 million, including costs, on profit from discontinued operations, as an item affecting comparability. The impact will be reported in NENT's third quarter financial results, to be presented on 26 October.

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Categories: Broadcast & Satellite / Internet
Companies: FremantleMedia Enterprises / Nordic Entertainment / RTL
Countries: Europe
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