KKR-Backed United Group Further Invests in South East Europe
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Central European Media Enterprises (CETV) to Sell Assets for $262.5M
July 10, 2017 6:20 AM EDTCentral European Media Enterprises Ltd. (NASDAQ: CETV) today announced that it has agreed to sell its leading broadcast operations in Croatia (Nova TV) and in Slovenia (POP TV) to Slovenia Broadband S.Ã r.l., a subsidiary of United Group B.V. (United Group), subject to certain closing conditions, including regulatory approvals. The transaction is expected to close by year-end.
Highlights of the transaction:
Cash purchase price is 230.0 million (approximately $262.5 million), subject to customary working capital adjustments. The combined OIBDA for Nova TV and POP TV for the twelve months ended March 31,... More