The assets being transferred from BMGL include the Diema, Diema Family, Diema 2 and MM channels in Bulgaria, as well as Albanian language channel ERA TV in Macedonia. Nova Televizia operates the Nova TV channel, which is Bulgaria’s second most watched television channel.
The transaction is subject to local market regulatory approvals.
Hans-Holger Albrecht, President and CEO of MTG, commented: “This change will substantially simplify the ownership structure of our operations in Bulgaria, and is in line with our overall media house strategy. It will enable us to accelerate the development of the combined operations by speeding up decision making and the implementation of key initiatives.”
For further information, please visit www.mtg.se, email firstname.lastname@example.org, or contact:
Hans-Holger Albrecht, President & CEO
Tel: +46 (0) 8 562 000 50
Investor & Analyst Enquiries:
Matthew Hooper: +44 (0) 7768 440 414
Oscar Hyléen: +46 (0) 707 620 024
Bert Willborg +44 (0) 791 2280 850