The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on 25 January 2017. This information is information that MTG is obliged to make public pursuant to the EU Market Abuse Regulation. Born in Sweden, our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’). Music speaks to the soul, Pictures immortalize your true Self, and Videos take you through series of amazing adventures. That’s why we’ve spared no expense in acquiring state-of-the-art equipment for all your records and visual media projects. Our brands span TV, radio and next generation entertainment experiences in esports, digital video networks and online gaming. We believe in portraying you in the most innovative light possible. MTG (Modern Times Group MTG AB (publ.)) is a leading international digital entertainment group and we are shaping the future of entertainment by connecting consumers with the content that they love in as many ways as possible. This is another key step in our ongoing transformation and we are constantly reviewing opportunities to expand our digital operations and footprint (or Tobias Gyhlénius, Head of Public Relations +46 73 699 27 (or Stefan Lycke Head of Investor Relations +46 73 699 27 14) This is perfectly in line with our strategy to invest in relevant, complementary and scalable digital content and communities, and online gaming is the third vertical in our MTGx digital video entertainment portfolio. “We are considering investing part of the proceeds in moving up to a majority position in InnoGames. We wish the team continued success with our local partner and the new investor. Over the past 11 years, our local Czech partner and we have transformed the Czech media landscape by launching a wide variety of channels and services, and establishing Prima as the go-to brand for information and entertainment. Jørgen Madsen Lindemann, MTG President and CEO: “Prima Group is a great business with a very talented team delivering popular news and entertainment programming. GES MEDIA ASSET is part of GES GROUP, which already owns 50% of FTV Prima Holding. Denemo Invest is a subsidiary of Alphaduct, which is owned by Czech businessman Vladimir Komar. The total cash return on the investment, including dividends received and the sale price, is expected to amount to approximately SEK 1.6 billion.ĭenemo Media is a Czech joint venture between Denemo Invest (75% ownership) and GES MEDIA ASSET (25% ownership). MTG acquired 50% of FTV Prima Holding in 2005 for EUR 87 million (SEK 820 million) in cash. Please see here for details about MTG’s investment in this global online games developer and publisher. MTG would then fully consolidate InnoGames. MTG is considering using the proceeds from the sale to increase its ownership in InnoGames from 21% to 51%, based on the same enterprise value of EUR 260 million for 100% of the company that MTG paid for its initial investment at the end of 2016. ![]() Informaci o schvlen transakce ve tvrtek potvrdil pedseda. Vtinovm vlastnkem televize se tak me stt podnikatel Ivan Zach, kter koupil pes firmu Denemo Media spolen s Vladimrem Komrem od vdsk Modern Times Group (MTG) polovin podl ve skupin Prima Group. Closing is subject to local regulatory approval and expected in Q1 2017. ad pro ochranu hospodsk soute (OHS) schvlil majetkov zmny v televizi Prima. MTG has fully consolidated FTV Prima Holding, which contributed SEK 1,226 million of sales and SEK 201 million of operating income (EBIT) for the twelve months to the end of Q3 2016. The cash transaction values 100% of FTV Prima Holding at an enterprise value of EUR 237.4 million (approximately SEK 2,255 million). MTG has signed an agreement to sell its 50% shareholding in FTV Prima Holding to Denemo Media. Reflects MTG’s ongoing transformation from traditional broadcaster into global digital video entertainer.MTG considering use of proceeds to increase ownership in InnoGames from 21% to 51%. ![]() MTG sells 50% shareholding in FTV Prima Holding in Czech Republic for 11.2x trailing 12 month EBIT and total cash return of 2x original investment.
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