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In an official announcement, Advance Media Group of brothers Kiril and Georgi Domuschievi confirmed the information that has emerged that it is negotiating the sale of Nova Broadcasting Group with United Group.
This is what the message says:
Advance Media Group, a subsidiary of the investment holding company Advance Properties, owned by brothers Kiril and Georgi Domuschievi, is in talks with United Group, a leading provider of telecommunications and media services in Southeast Europe, for a possible sale of the new Bulgaria’s largest multiplatform media. Broadcasting group.
The possible agreement is dependent on the successful conclusion of negotiations between the parties, as well as the conclusion of a binding contract for the purchase and sale of shares between them and obtaining all necessary approvals from the relevant regulatory authorities in Bulgaria and abroad.
For United Group:
United Group, owner of VIVACOM, is a leading telecommunications and media operator in Southeast Europe, based in Amsterdam. Through significant investments in digital infrastructure, content and technology, the group provides leading services to clients in the region. In the two decades since its founding, the United Group has successfully acquired and integrated more than 100 companies into its structure. It has the broadest network coverage in the region and offers users the most attractive selection of TV content from around the world. United Group operates in 8 countries and since March 2019 is owned by BC Partners, one of the largest investment companies in the world.
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