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

Petr Kellner reportedly in talks with Telenor on sale of CEE assets

Petr Kellner, Central Europe’s richest man, is reportedly the bidder for the assets of Norwegian telecommunications group ... more

Poland’s PKN Orlen launches offer to delist Czechia’s Unipetrol

Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more

Petr Kellner agrees to buy Skoda Transportation for reported €400mn

Petr Kellner, Central Europe’s richest man, has agreed to buy Skoda Transportation, the Czech manufacturer of electric trains, trams and ... more

Dismiss