RTL Group to Take Full Control of Belgian Operations

RTL Group has reached a deal to take full ownership of RTL Belgium.

The deal will see RTL Group becoming 100 percent shareholder in RTL Belgium in exchange for a cash payment and RTL Group treasury shares. RTL Belgium’s assets include the free-TV channels RTL-TVI, Club RTL and Plug RTL and the streaming service RTL Play.

Elmar Heggen, COO and deputy CEO of RTL Group, noted, “After more than 30 years of successful cooperation with our co-shareholders, we have agreed to fully acquire RTL Belgium. This follows our strategy to consolidate across our European broadcasting footprint, wherever attractive opportunities arise. We will continue to invest in RTL Belgium and accelerate the transformation of the business, in particular via streaming services, advertising technology and data. We are looking forward to continuing the cooperation with our Belgian partners. They will remain closely associated with RTL Group.”