- 01 February 2018
Merger between MTG and TDC
The media group MTG (listed in Stockholm) is merging its Nordic Entertainment and Studios business (MTG Nordic) with TDC (listed in Copenhagen) thereby creating the first fully integrated media and communications business in Europe. MTG Nordic, among other things, owns Viasat, TV3 and Viaplay. MTG Nordic has in connection with the merger been valued at SEK 19.55 billion and TDC has a market value of more than DKK 30 billion.
In connection with the merger, MTG will receive 309 million TDC shares corresponding to an ownership of TDC of 28% as well as an additional SEK 3.3 billion in cash payment. MTG’s shares in TDC will be distributed to MTG’s shareholders in connection with the merger. MTG will retain ownership of its digital business in the areas of esports and online gaming, among other things.
Bech-Bruun has had the pleasure of assisting MTG on the deal and wants to take this opportunity to congratulate both MTG and TDC on the merger.
Read MTG press release here.