Allen & Overy advises MTG Broadcasting AB on the sale of its 95% shareholding in Nova Broadcasting Group in Bulgaria to PPF Group.
MTG has signed an agreement to sell its 95% shareholding in Nova Broadcasting Group 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.
The final completion is subject to regulatory approvals and expected to take place during H1 2018.
The transaction has been led by A&O corporate team in Prague and comprised of consultant Hugh Owen and senior corporate associate Magda Pokorná.