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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 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.

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Filed Under: Finance, Newsline Tagged With: National Media Group, RTL Group, Russia Edited: 21 September 2013 09:54

About Robert Briel

Arnhem-based Robert covers the Benelux, France, Germany, Austria and Switzerland as well as IPTV, web TV, connected TV and OTT. Email Robert at rbriel@broadbandtvnews.com.

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