2024-07-02 05:09:21
If the deal is permitted, 15min will purchase one hundred pc. shares of the businesses “M-1”, “Extremely Vires”, “Radijo stotis Laluna” and “Reklamos Ekspertai”, managed by Rūta Grušnienė.
“We imagine in music and its energy, we imagine within the radio enterprise and its future. Like many people, I grew up with M-1, so I am excited to have the chance to expertise this group up shut. And by turning into a bigger media group, we will supply individuals higher high quality information, leisure and spending time with all our manufacturers,” 15min Group shareholder Tomas Balžekas was quoted as saying within the report.
On her half, R. Grušnienė states that after the transaction is carried out, the M-1 model will kind a brand new Lithuanian media group along with the 15min group.
“I labored in these firms for greater than 30 years, 18 of which I efficiently managed them. The “M-1″ model is a Lithuanian legend born along with our freedom, which started even earlier than the restoration of Independence. I go it on to individuals who actually perceive it,” she stated.
The transaction is deliberate to be accomplished in the summertime of this yr, after receiving permission from the LRTK and the federal government fee for checking strategic transactions. The quantity of the transaction isn’t disclosed, it’s financed with personal and borrowed funds.
Within the transaction, the client was suggested by the Cobalt legislation agency, the vendor by Ellex and PwC.
2024-07-02 05:09:21