Gazprom Media has acquired an additional 7.5% stake in National Media Group (NMG), Russia’s largest media holding.
Kommersant reports that the vendor was Gennady Timchenko and the deal worth R11.12 billion (€144.9 million), with NMG’s total value estimated at R148.26 billion.
The latter figure is three times the holding’s R48.53 billion valuation in 2013, when Timchenko, one of the owners of the Rossiya bank, acquired the 7.5% stake from RTL Group as part of a deal involving Ren TV.
Gazprom Media is owned by Gazprombank, which lists Gazprom as one of its shareholders.
Meanwhile, NMG was formed in 2008 by the combined media assets of Rossiya, Severstal, Surgutneftegaz and Sogaz.
No comments:
Post a Comment