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According to Capital, the current price also covers a number of conditions, such as future financial results. It also includes Nova Broadcasting Group’s cash reserves, as well as the new television building under construction, which was once insured due to a lawsuit brought by the Privatization Agency against another Domuschiev company, KG Maritime Shipping.
United Group was the sole candidate for Nova TV, and this is the telecom and media group’s second big business here after acquiring BTC months ago. The only obstacle to finalizing the deal is approval by the CPC, but so far the regulator has shown that it acts swiftly on transactions involving Kiril Domuschiev and Delyan Peevski.
The name of the MRF MP is indirectly involved in the current agreement, after some time in the portfolio of NBG entered “Channel 3”, music TV The Voice TV and Magic TV, as well as radio The Voice Radio, “Radio Veselina” , Magic FM and “Radio Vitosha”, all of them connected with Peevski throughout the years. Apart from that, a week ago the United Group asked the CCP for approval to buy all the newspapers owned by the MRF MP. At least apparently, there are no commercial reasons for these transactions. “Channel 3” does not add a valuable audience to that of the group around “Nova”, and newspapers from any point of view, including image, are a serious drag.
