MTG completes Bulgarian deal

MTG has confirmed the acquisition of the Bulgarian national commercial station Nova Televizia, having received all the necessary approvals from the local authorities.

The deal, which is worth €620 million, was first announced in July and sees MTG buy a 100% stake in Nova Televizia from Antenna Bulgaria.

MTG already has a 50% stake in the Balkan Media Group (BMG), which operates a portfolio of four ‘Diema’ branded channels.