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RTL Group exits National Media Group

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  • RTL Group exits National Media Group

    RTL Group exits National Media Group
    September 21, 2013 09.54 Europe/London By Robert Briel

    RTL Group has exercised its put option to sell its 7.5% shareholding in Russiaís National Media Group.
    This follows the corresponding announcement in RTL Groupís half-year financial report 2013, published at the end of August.
    RTL Group has received a payment of Ä81 million in the framework of the exercise of its put option and transferred its 7.5% shareholding to one of the current shareholders in National Media Group.
    In a statement, RTL Group said that it has excellent relations with National Media Group and its shareholders. Both sides would welcome future opportunities for cooperation.