Finance / Bulgaria
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Nova TV Bulgaria To Be Sold To Sweden's MTG
July 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Sweden's Modern Times Group (MTG) has agreed to purchase Nova TV Bulgaria for EUR620mn (US$966mn). The all cash deal will expand MTG's reach into Europe. It already has a stake in a TV channel in Diema, Bulgaria, as well as channels in Russia, Hungary, Czech Republic, Slovenia and other Baltic States.