Lagardère sells its Radio businesses in the Czech Republic, Poland, Slovakia and Romania to CMI
17. 4. 2018
The Lagardère group and Czech Media Invest (CMI) announces the signing of a contract for the sale of the Radio assets in the Czech Republic, Poland, Slovakia and Romania to CMI. The selling price of these assets is €73 million for consolidated revenue of around €56 million in 2017.
This acquisition will support Czech Media Invest’s growth strategy in the media segment, adding a new media type based on strong radio brands in those countries.
The closing of the transaction is mainly subject to clearance from the local regulatory authorities in the countries concerned.
Czech Media Invest, co-owned and managed by Daniel Křetínský is the #1 industrial operator of medias in the Czech Republic, with four daily titles, numerous magazines and online domains. The company also owns two printing plants, is a leader in book publishing and press distribution.