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Greece's Antenna Group agrees to sell assets in Serbia, Montenegro

Author Radomir Ralev
Greece's Antenna Group agrees to sell assets in Serbia, Montenegro Author: espensorvik. License: Creative Commons, Attribution 2.0 Generic.

BELGRADE (Serbia), December 5 (SeeNews) - Greece's Antenna Group said it signed an agreement to sell its assets in Serbia and Montenegro to entrepreneur Srdjan Milovanovic for 180 million euro ($204.1 million).

The assets of Antenna Group in Serbia and Montenegro include TV stations Prva TV, O2 TV and Prva TV Crna Gora, radio station Play Radio, as well as news portals, and, Antenna Group said in a statement on Tuesday. 

"We are pleased that we have chosen the right owner under whose leadership the company will continue the stage of progressive growth and further strengthening its leadership position on the market," the owner of Antenna Group, Theodore Kyriakou, said.

The process for granting regulatory approvals is already running, Antenna Group said. 

"The ambitious plans to strengthen the leadership position of the company both in the country and in the region will be implemented by the same team of people who are considered to be top professionals and one of the best in the domestic media industry," Milovanovic said in the statement.

Milovanovic was the director of Serbian cable operator Kopernikus Technology, which was sold to Telekom Srbija by Polish private equity firm Abris Capital Partners last month.

 ($ = 0.881791 euro)