Brief: MTG announces sale of Nova to Advance Media Group

MTG

22/02/2019 07:06

Feb 22 (Reuters) - MTG Ab  MTGb.ST :
    * MTG ANNOUNCES SALE OF NOVA TO ADVANCE MEDIA GROUP
    * SELLS ITS 95% SHAREHOLDING IN NOVA BROADCASTING GROUP IN
BULGARIA TO ADVANCE MEDIA GROUP
    * SAYS MTG SELLS ITS 95% SHAREHOLDING IN NOVA BROADCASTING
GROUP
IN BULGARIA TO ADVANCE MEDIA GROUP
    * SAYS ALL CASH TRANSACTION VALUES 100% OF NOVA AT AN
ENTERPRISE
VALUE OF EUR 185 MILLION (APPROXIMATELY SEK 1,917 MILLION)
    * SAYS CLOSING SUBJECT TO REGULATORY APPROVAL AND EXPECTED
TO TAKE
PLACE DURING Q2 2019
    * ENTERPRISE VALUE OF EUR 185 MILLION (APPROXIMATELY SEK
1,917
MILLION)

Source text for Eikon:  ID:nWkrbxW639 
Further company coverage:  MTGb.ST 

 (Reporting By Stockholm newsroom)
 ((Stockholm.newsroom@thomsonreuters.com;))