Nova Broadcasting Group

Introduction

On 19 July 2018 the Commission for the Protection of Competition (CPC) prohibited the following two concentrations:

In separate decisions published on Thursday, Bulgaria's anti-monopoly body, the Commission on Protection of Competition, CPC, has prohibited the signing of two of the largest recent deals in the country.

One was the sale of the Bulgarian assets of the Czech energy giant CEZ to a Bulgarian family-owned company, Inercom.

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 Swedish Modern Times Group (MTG) has sold the Nova Broadcasting Group to the Czech PPF Group, both sides said on Monday. The company, which is under the control of billionaire Petr Kellner, specializes in banking and financial services, but also in telecoms, real estate and biotechnology.

BNT programs attracted only 1 per cent of TV advertising in 2017, according to data from the media agency. According to the survey, the total volume of television advertising in Bulgaria last year was 691 million euros. In fact, the amount is certainly significantly lower, as the measurement does not take account of concessions, barters and other agreements that televisions conclude.