MTG completes sale of Baltic broadcasting businesses

MTG has completed the sale of its Baltic broadcasting businesses to Providence Equity Partners for a total cash consideration of €100 million. The transaction is based on an Enterprise Value of €115 million.

The sale will result in a preliminary net capital gain, realised in the Q4 results, of approximately SEK 580 million. All items related to the Baltic broadcasting businesses are reported as discontinued operations in MTG’s financial statements.

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