Sweden’s Modern Times Group sells its stake in TV Prima

Swedish company Modern Times Group (MTG) has sold its 50-percent stake in the second biggest commercial channel in the Czech Republic to Denemo Media, owned by businessman Vladimír Komár and Ivan Zach’s GES Group. Zach owns a 62.5-percent stake in the broadcaster now. The price of the transaction amounts to €237.4 million according to a press release. The transaction still has to be approved by the Czech Office for the Protection of Competition. (Aktuální.cz)



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