Sweden's Bonnier AB acquires Nordic Broadcasting

Nordic Business Report, March 22, 2007

NORDIC BUSINESS REPORT-22 March 2007-Sweden's Bonnier AB acquires Nordic Broadcasting(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com

Swedish media group Bonnier AB said on Thursday (22 March) that it has signed an agreement to acquire Proventus' 50% ownership in Nordic Broadcasting, which holds all shares in the Finnish MTV Group and 98.9% of the shares in Swedish TV4.

Nordic Broadcasting has also initiated compulsory redemption of the outstanding shares in TV4.

Proventus will remain an active financial partner in Nordic Broadcasting, the company said.

After the acquisition Bonnier will own all shares in Nordic Broadcasting.

No financial details were provided.

Bonnier, headquartered in Stockholm in Sweden, is a 200-year-old family-owned media group comprising some 150 companies with operations in over 20 countries.

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