MTG acquires Nova TV

Modern Times Group (MTG), the international entertainment broadcasting group, has signed an agreement to acquire 100 per cent of Nova Televisia Bulgaria for E620 million in cash from Antenna Bulgaria, a member of the Kyriakou-owned Antenna Group. Modern Times Group (MTG), the international entertainment broadcasting group, has signed an agreement to acquire 100 per cent of Nova Televisia Bulgaria for E620 million in cash from Antenna Bulgaria, a member of the Kyriakou-owned Antenna Group.
Nova Televisia Bulgaria was established in 1994 and owns 100 per cent of Nova, the second most watched TV channel in Bulgaria.

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