RTL Group exits National Media Group

RTL Group has exercised its put option to sell its 7.5% shareholding in Russia’s National Media Group.

This follows the corresponding announcement in RTL Group’s half-year financial report 2013, published at the end of August.

RTL Group has received a payment of €81 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.