Petr Kellner's PPF Group Will Buy Nova

PPF Group, a company founded by the Czech billionaire Petr Kellner, is involved in yet another large-scale buyout of a big Bulgarian brand. This time its Nova, one of the country’s biggest group for TV channels and media outlets.

Capital.bg reported the story. According to them, Nova media group spans 7 TV channels and 19 online companies with a combined return of €100 million for 2017.  According to the deal made between Nova’s current owners and PPF Groups, the whole company is worth €185 million.

The network’s current owner, the Swedish Media Times Group (MTG) is quoted as saying: “We build Nova to the number one spot in Bulgaria, with 33% market share of the audience and the owner of the best digital brands in the country.”

Recently, the Czech billionaire was rumored to buy Telenor's Business in Eastern Europe. He's the richest man in the Czech Republic and the 103rd wealthiest person in the world.

Alex Dimchev

Alex Dimchev is a writer, editor, and weapons master for EUscoop.com

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