PPF and CME Announce Signing Agreement to Acquire RTL Croatia
PPF Group (PPF) announces that its subsidiary CME Media Enterprises B.V. (CME) has signed an agreement with RTL Group Central & Eastern Europe GmbH to acquire 100% of RTL Hrvatska d.o.o., (RTL Croatia), a commercial broadcaster in Croatia. The assets are valued at €50million. As part of the transaction, CME has secured the long-term rights to retain the use of the RTL brand in Croatia.