The buyer is Darik News EOOD, a local media player with interests in radio and online content production. Raiffeisen Investment Bulgaria, a 100% subsidiary of the Austrian investment bank Raiffeisen Centrobank, acted as sell-side advisor to Sanoma in this meaningful transaction on the Bulgarian media market.
“Netinfo is the largest digital media in Bulgaria and the transaction will allow Darik Web and MTG to leverage on the synergies arising from the combined multi-media including TV, radio and on-line platform”, Henning von Stechow, Head of M&A of Raiffeisen Centrobank points out.
The sale of Netinfo is in line with Sanoma’s new strategy of focusing on leading positions in European markets in Media and Learning. Netinfo employs approximately 100 persons.
About Raiffeisen Investment
Raiffeisen Investment, a hundred per cent subsidiary of the Austrian based investment bank Raiffeisen Centrobank, is one of the leading Corporate Finance Advisory firms in Emerging Europe with a strong network in 17 countries. Raiffeisen Centrobank together with its Raiffeisen Investment subsidiaries is ranks among the leading investment banks in the M&A advisory sector in CEE and Turkey in terms of deals volume and value.
For further information please contact:
Mr. Julian Gikov
Phone: +359 2 810 70 63
E-mail: j.gikov(at)raiffeisen-investment.com
or
Henning von Stechow
Tel.: + 43 (0) 1 515 20-760
E-Mail: stechow(at)rcb.at
Press contact:
Andrea Pelinka-Kinz
Tel.: + 43 (0) 1 515 20-614
E-Mail: pelinka-kinz(at)rcb.at
