More funding for MTG as Nova sale collapses

TV Studio
By Mike Turner
08 Jan 2019

Sweden’s Modern Times Group has signed more bank funding related to spinning off Nordic Entertainment, as the media company’s talks with PPF to sell its Bulgarian business were scuppered after falling foul of regulators.

Modern Times Group (MTG) has signed a Skr1bn-equivalent ($112m) three year revolving credit facility that can be drawn down in multiple currencies in part or in full after Norway’s Nordic Entertainment is listed after being spun off.

MTG and Nordic Entertainment, known as NENT Group, will split into ...

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