MTG completes acquisition of Trace

June 26 2014

Modern Times Group MTG AB (publ.) (‘MTG’ or ‘the Group’), the international entertainment group, today announced that it has completed the acquisition of 75% of Trace Partners SAS following regulatory approval by the French media authorities.

The Trace management own the remaining 25% of the company, and Trace co-founder Olivier Laouchez will continue as Chairman and CEO of the company.

MTG will consolidate Trace in its accounts with effect from 1 July 2014 and report it within the Pay-TV Emerging Markets business segment.

Trace is a global youth media brand and pay-TV channel operator with distribution agreements in 160 countries worldwide, including all 55 countries in Africa.

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