MTG announces sale of Nova to Advance Media Group
· MTG sells its 95% shareholding in Nova Broadcasting Group in Bulgaria to Advance Media Group · All cash transaction values 100% of Nova at an enterprise value of EUR 185 million (approximately SEK 1,917 million) · Closing subject to regulatory approval and expected to take place during Q2 2019
MTG has signed an agreement to sell its 95% shareholding in Nova Broadcasting Group (“Nova”) in Bulgaria to Advance Media Group. The transaction values 100% of the business at an enterprise value of EUR 185 million (approximately SEK 1,917 million). The transaction is subject to local