Tag Archives: 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).

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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.

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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.

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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.

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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.

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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.

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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.

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

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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.

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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.

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