MTG announces sale of Nova Group
· MTG sells its 95% shareholding in Nova Broadcasting Group in Bulgaria to PPF Group · All cash transaction values 100% of the business at an enterprise value of EUR 185 million (approximately SEK 1,830 million) · In line with MTG’s ongoing strategic transformation from a traditional national broadcaster into a global digital entertainer MTG has signed an agreement to sell its 95% shareholding in Nova Broadcasting Group Jsc. (“Nova”) in Bulgaria to PPF Group, the investment company controlled by Petr Kellner. The transaction values 100% of the business at an enterprise value of