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UPDATE: Bonnier AB increases holding in TV4 to 21.7%
Nordic Business Report, May 10, 2002
NORDIC BUSINESS REPORT-10 May 2002-UPDATE: Bonnier AB increases holding in TV4 to 21.7% (C)1994-2002 M2 COMMUNICATIONS LTD http://www.m2.com
(Adds information in third paragraph.)
The Swedish media group Bonnier AB has reportedly increased its holding in the commercial television channel TV4.
Bonnier acquired a million additional shares, increasing its stake in TV4 by 5% to a total of 21.7%, Reuters reported.
According to the Swedish financial newspaper Dagens Industri's online edition Bonnier acquired the shares from Modern Times Group MTG AB for a total of SEK200m. Through its stake in the Finnish media group Alma Media Bonniers now controls over 45% of the shares in TV4.
((Comments on this story may be sent to nbr.feedback@nordicbusinessreport.com))
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