March 24 (SeeNews) - Albanian investment group Balfin said it has acquired local broadcaster Scan TV, which covers financial, industrial and real estate news in the country.
Scan TV plans to expand its coverage in order to include North Macedonia and Kosovo, becoming the very first economic and business-oriented TV channel in the Western Balkans, Balfin said in a statement on Wednesday.
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The value of the deal remained undisclosed.
“Balfin Group aspires to build a media that addresses economic and business-related issues by providing complete, professional, and unbiased information from Albania and the region. We will invest in the creation of a professional media channel that can respond to the expectations of a regional television dedicated to business-related issues,” Balfin Group CEO, Edlira Muka, said.
Scan TV was established in 2001.
The Balfin Group is active in a number of sectors including real estate, retail, tourism, agriculture, energy, the mineral industry and services across Southeast Europe, as well as in Austria and the Netherlands, according to information posted on its website.