MTG has completed the sale of its Baltic broadcasting businesses to Providence Equity Partners for a total cash consideration of EUR 100 million (approximately SEK 960 million). The transaction is based on an Enterprise Value of EUR 115 million.
The sale will result in a preliminary net capital gain, realized in the Q4 results, of approximately SEK 580 million. All items related to the Baltic broadcasting businesses are reported as discontinued operations in MTG’s financial statements.
More information:Please see here for the original announcement “MTG sells Baltic broadcasting businesses”.