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RTL Group today announced that it has signed a definitive agreement for the sale of RTL Belgium to the Belgian media companies DPG Media and Groupe Rossel. The transaction is subject to regulatory approvals and is expected to close in Q4/2021.
The total consideration amounts to €250 million. RTL Group’s shareholders will benefit from the cash proceeds in line with the stated dividend policy. RTL Group was the majority shareholder of RTL Belgium for 33 years, before taking full ownership of RTL Belgium in December 2020.
Elmar Heggen, COO and Deputy CEO of RTL Group, says: “DPG Media and Groupe Rossel are strong cross-media companies that are well equipped to accelerate RTL Belgium’s digital transformation. The sale is in line with our strategy and the...
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