CPC Stops the Deal for "Nova Broadcasting Group"

The Commission for Protection of Competition (CPC) bans the acquisition of New Brookcasting Group by the company of Czech tycoon Petr Kellner.

The Commission's arguments are that the group acquired has leading positions, has a significant financial and organizational resource, an opportunity to realize economies of scale and scope and an established reputation.

The full text of the decision is available in the CPC's public electronic registry at https://www.cpc.bg/.

MTG Position:

"MTG is surprised by the decision of the Bulgarian Commission for Protection of Competition to block the sale of Nova Broadcasting Group to PPF. MTG will examine all the documents in detail. "