{"id":8225,"date":"2018-02-20T10:55:15","date_gmt":"2018-02-20T15:55:15","guid":{"rendered":"http:\/\/worldscreen.com\/tveurope\/mtg-sells-off-nova-group\/"},"modified":"2018-02-20T12:05:56","modified_gmt":"2018-02-20T17:05:56","slug":"mtg-sells-off-nova-group","status":"publish","type":"post","link":"https:\/\/worldscreen.com\/tveurope\/2018\/02\/20\/mtg-sells-off-nova-group\/","title":{"rendered":"MTG Sells Off Nova Group"},"content":{"rendered":"<p>MTG has signed an agreement to sell its 95 percent shareholding in Nova Broadcasting Group in Bulgaria to PPF Group, the investment company controlled by Petr Kellner.<\/p>\n<p>The transaction puts Nova at an enterprise value of 185 million euros ($228 million). MTG plans to use the proceeds to invest in its Nordic entertainment, Studios and global digital entertainment businesses.<\/p>\n<p>Nova is Bulgaria\u2019s largest commercial media group. It comprises 7 TV channels and 19 online businesses.<\/p>\n<p>J\u00f8rgen Madsen Lindemann, MTG&#8217;s president and CEO, said: \u201cWe have built Nova into Bulgaria\u2019s number one commercial media group with 33 percent commercial share of viewing, and ownership of some of the country\u2019s top digital brands. Under the excellent leadership of Didier Stoessel and his management team, Nova has evolved very rapidly into the market-leading digital entertainment group, and I would like to thank all those that have made this possible.<\/p>\n<p>\u201cMTG\u2019s investments are focused on our Nordic Entertainment, Studios and global digital entertainment verticals, which is why we have found a new home for our Bulgarian employees with a partner that will invest in Nova\u2019s future. We wish Didier and the whole Nova team every continued success. This will bring to a close the\u00a0<span class=\"s1\">disposal of our international entertainment operations and leaves MTG as a more focused group, which is in line with our previously stated strategy.\u201d<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTG has signed an agreement to sell its 95 percent shareholding in Nova Broadcasting Group in Bulgaria to PPF Group, the investment company controlled by Petr Kellner.<\/p>\n","protected":false},"author":350,"featured_media":8226,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[69],"tags":[178,1527],"class_list":["post-8225","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-top-stories","tag-mtg","tag-nova-broadcasting-group"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MTG Sells Off Nova Group - TVEUROPE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/worldscreen.com\/tveurope\/2018\/02\/20\/mtg-sells-off-nova-group\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MTG Sells Off Nova Group - 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