PRAGUE: Central European Media Enterprises Ltd. has agreed a 230 m EUR deal to sell its leading broadcast operations in Croatia (Nova TV) and in Slovenia (POP TV) to Slovenia Broadband S.à r.l., a subsidiary of United Group B.V.. The deal is subject to certain closing conditions, including regulatory approvals.
According to a press release, the transaction is expected to close until the end of 2017.
“This represents a transformational moment in the history of CME. We have always had a great set of assets and this transaction underscores the enduring attractiveness of broadcasters in the region”, Michael Del Nin, Co-Chief Executive Officer, said in a statement.
CME currently broadcasts 36 television channels in Bulgaria (bTV, bTV Cinema, bTV Comedy, bTV Action, bTV Lady, and Ring.bg), Croatia (Nova TV, Doma, Nova World and MiniTV), the Czech Republic (Nova, Nova 2, Nova Cinema, Nova Sport 1, Nova Sport 2, Nova International, Nova Action and Nova Gold), Romania (PRO TV, PRO TV International, Acasa, Acasa Gold, PRO Cinema, Sport.ro, MTV Romania, PRO TV Chisinau and Acasa in Moldova), the Slovak Republic (TV Markíza, Markíza International, Doma and Dajto) and Slovenia (POP TV, Kanal A, Brio, Oto and Kino).