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    PPF Group to acquire Bulgarian Nova Group

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    PPF Group announces that it has agreed with Modern Times Group (MTG) to acquire its 95% shareholding in Nova Broadcasting Group Jsc, the Bulgarian media company.

    PPF will also acquire the remaining 5% stake from Eastern European Media Holdings S.A.

    Closing of the transaction is subject to regulatory approvals and is expected to take place during the first half-year 2018.

    Nova is Bulgaria’s largest commercial media group and comprises 7 TV channels and 19 online businesses. Nova employs about 650 people in Bulgaria.

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