MTG sells "ECL" logistics business
MTG SELLS 'ECL' LOGISTICS BUSINESS Modern Times Group MTG AB, the international media group, today announced that it has sold its 'ECL' logistics subsidiary to Tradimus AB. Tradimus will continue to provide distribution and fulfilment services for MTG's CDON and TV-Shop companies. The sale of ECL will have no significant impact on MTG's results. Hans-Holger Albrecht, President and CEO of MTG, commented: "The co- operation with Tradimus will enable us to focus on what we do best - marketing and sales. The outsourcing of distribution and fulfilment will reduce our fixed costs and Tradimus