Canal+, ITI Group review TVN options
October 17, 2014
The ITI Group and CANAL+ Group have been approached in recent months by various strategic and financial investors expressing an interest in acquiring the controlling stake in TVN Group, should it become available. In response to such interest, both the ITI Group and CANAL+ Group have decided jointly to review their strategic options regarding the 51 per cent stake in TVN Group.
Both the ITI Group and CANAL+ Group remain under any scenario fully committed to the high performance TVN investment. Should the current strategic review not result in a transaction, the existing arrangements will remain in place.
CANAL+ Group will continue to maintain a strong footprint in Poland, its second largest market after France, where it will further develop and strengthen nc+, the country’s leading premium pay-TV platform. In addition, nc+ will continue its close cooperation with TVN, which owns a 32 per cent stake in nc+, regardless of the outcome of the review.
Canal+ Group, ITI Group and TVN Group confirmed in December 2011 a strategic partnership to combine their Polish pay-TV businesses and for Canal+ Group to become a key shareholder in TVN.