Antimonopoly Office okays sale of shares in Petit Press

The authority has postponed its decision several times due to various factors.

(Source: Sme )

The Antimonopoly Office (PMÚ) has approved the concentration of publishing house Petit Press, and companies Prvá Slovenská Investičná Skupina and Penta Investments Limited. It concerns the control over shares in Petit Press by the latter two firms.

PMÚ received the announcement about the concentration in March 2015, but it did not contain all necessary information. Thus the proceeding was suspended and was restored in September 2015. Moreover, it continually received new information about new acquisitions of Penta. As PMÚ was asking for additional information, the deadline for issuing a final decision has been postponed several times, the TASR newswire reported.

Penta operates in the media business via its News and Media Holding which replaced publishing houses Spoločnosť 7 Plus, Media Magazín and Trend Holding in September 2015. It publishes print media and operates websites on which it also offers advertising space, while it also purchases media space via its media agency, TASR wrote.

Disclaimer: Penta financial group also has a 45-percent share in Petit Press, the co-owner of The Slovak Spectator.

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