MTG announces sale of Nova Group
(WorldNews Sweden)

MTG sells its 95% shareholding in Nova Broadcasting Group in Bulgaria to PPF Group All cash transaction values 100% of the business at an enterprise value of EUR 185 million (approximately SEK 1,830 million) In line with MTG`s ongoing strategic transformation from a traditional national broadcaster into a global digital entertainer MTG has signed an agreement to sell its 95% shareholding in Nova Broadcasting Group Jsc. (`Nova`) in Bulgaria to PPF Group, the investment company controlled by Petr Kellner. The transaction values 100% of the business at an enterprise value of EUR 185 million (approximately...