M6: price set for acquisition from RTL group.
(CercleFinance.com) - M6 (Métropole Télévision) has indicated that the final purchase price of RTL Group's French radio activities amounts to 199.
8 million euros, excluding cash and debt, below the 216 million estimated in December 2016.
The independent expert FINEXSI concluded, “we consider the financial terms and conditions of the Transaction, as provided for in the Share Transfer Agreement, to be fair to M6 Shareholders from a financial point of view.”
The deal remains dependent on a successful completion of the information-consultation procedure with the relevant employee representative bodies, in addition to approval from the CSA, with the Luxembourg Government having given its agreement on 30 March.
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