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MTG faces a patrol for the second time this year. The Competition Authority puts an end to MTG's attempt to sell its Bulgarian media company
In February, the case between MTG's fingers, which allegedly resulted in a merger between the Danish group TDC and Nordic Entertainment and Studios from MTG.
The Bulgarian Competition Authority decided today not to allow MTG to sell its interests in the Nova Broadcasting Group in Bulgaria to the PPF Group. The idea was that MTG uses the proceeds of the sale to invest in Nordic Entertainment and Studios. The conclusion of the Authority surprised MTG, which writes in a comment:
"The decision of the Bulgarian Competition Authority is surprising and MTG will review it before the company decides to the next step."
Nova is Bulgaria's biggest commercial player According to Dagens Industri, MTG's stock sales would have been about 1.7 million SEK.
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