Slovak and Czech oligarchs reportedly interested in buying CME from Time Warner

By bne IntelliNews November 9, 2017

A group of Slovak and Czech oligarchs are reportedly interested in buying regional media and entertainment company Central European Media Enterprises, the Slovak Spectator reported on November 8.

In July, Czech Republic-based broadcaster CME announced the divestiture of its leading Croatian and Slovenian TV stations to United Group's Slovenia Broadband for €230mn ($262.5mn) in cash to pay down debt. 

Partners from the management of the J&T group, the Penta group, the owner of the PPF group Petr Kellner and Daniel Kretinsky of EPH holding could join forces to buy Slovak TV channel Markiza, Czech TV Nova and some 30 other TV channels in four countries.

Talks are informal at the moment, the news portal said. In addition, CME’s majority shareholder Time Warner has not announced plans to sell the TV stations.

The US company is reportedly expecting €2bn, an amount which is too high for any single Czech or Slovak oligarch. That is the reason the Czech and Slovak oligarchs could join forces for the acquisition.

EPH representatives declined to comment on the speculation. 

Related Articles

Czech president burns giant pants at bizarre press event

Czech President Milos Zeman shocked journalists invited to a press event on June 14 when he set a huge pair of red underpants on fire.  The pants are similar to those that the Ztohoven ... more

Czech Socialist Party favours forming a coalition government with Ano

Around 85% of the Czech Socialist Party (CSSD) members voted in a referendum to form a coalition government with the populist centrist party Ano ... more

Babis reappointed as Czech prime minister

Czech President Milos Zeman reappointed Ano leader Andrej Babis as prime minister on June 6, in a bid to fill the country’s lengthy political vacuum.  Babis has headed a minority government ... more

Dismiss