Tag: MTG

MTG is selling its shareholding in Bulgaria's Nova Broadcasting Group to Advance Media Group in a deal that values the business at €185 million ($210 million).

MTG has secured a SEK 1 billion ($112 million) credit facility from Nordea, which will provide additional funding for MTG after the spin-off of Nordic Entertainment Group.

MTG reported record Q3 sales, with 3 percent organic growth, as well as a 28 percent increase in operating profits, even when including SEK 7 million ($775,000) in transaction costs related to the company's split.

MTG has increased its interest in leading eSports company Turtle Entertainment to 82.48 percent for 14.3 million euros ($16.6 million) in cash.

The Bulgarian Commission for Protection of Competition (CPC) has stopped the proposed sale of MTG's majority stake in Nova Broadcasting Group to the Czech investment conglomerate PPF Group.

Gabriel Catrina has been appointed as executive VP and group CFO of Nordic Entertainment Group, taking up the post from July 1, when MTG's split into two companies takes effect.

MTG has increased its ownership in Zoom.in Group from 51 percent to 100 percent, having acquired the remaining 49 percent of the company from Adversa Media Groep.

As MTG prepares to split off into two companies, new leadership team members have been put in place.

As MTG prepares to split into two companies, the leadership team has been put in place for the Nordic Entertainment Group, which will report to President and CEO Anders Jensen.

Modern Times Group (MTG) has started the process of splitting into two companies, with plans to distribute all shares of its Nordic TV business, Nordic Entertainment Group, to MTG's shareholders.