PPF Group completes CME acquisition

PPF Group has announced that its fully owned subsidiaries have completed the acquisition of Central European Media Enterprises CME).

PPF now holds full control of CME’s operations in the Czech Republic, Romania, Slovakia, Slovenia, and Bulgaria. This transaction was subject to regulatory approval by the European Commission, national regulators in certain countries, and CME shareholders. Shares on the NASDAQ Global Select Market and Prague Stock Exchange have been delisted and now cease to exist following the completion of the acquisition. Holders of CME’s Class A Common Shares immediately prior to the effective time of the merger will receive $4.58 per share.

Source: PPF Group completes CME acquisition