Penta and Chinese CEFC file binding offer for TV Markíza

They are offering €2 billion for TV stations in six central and eastern European countries

The private TV Markíza resides in the Záhorská Bystrica borough of Bratislava.The private TV Markíza resides in the Záhorská Bystrica borough of Bratislava. (Source: Sme - Gabriel Kuchta)

The ownership of commercial broadcaster TV Markíza is likely to change hands, since the Penta investment group along with the Chinese-based CEFC has lodged a binding offer to buy out the European portfolio of the American group CME, the Sme daily reported on December 19 citing the Reuters newswire.

CME owns a number of television stations in six central and eastern European countries, including TV Markíza in Slovakia and TV Nova in the Czech Republic. Penta and CEFC are offering €2 billion for the central European broadcaster, with just the final details still to be discussed in the talks.

Such a transaction would not come as any surprise, according to Sme, pointing out that Penta has expressed interest in taking over TV Markíza since 2014.

Read also:Ringier Axel Springer Media sells the most popular daily and acquires online assets Read more 

Recently, Penta announced that it was purchasing all magazines issued by the Ringier Axel Springer publishing house.

Disclaimer: The Penta financial group has a 40-percent share in Petit Press, the co-owner of The Slovak Spectator.

Get daily Slovak news directly to your inbox

Top stories

How a Catholic charity became a voice for migrants in Slovakia

Religious organisations have added leverage in changing perceptions of foreigners and migrants, says Caritas Slovakia.

Caritas Slovakia's ‘World Without “the Other” – Migration Myths’ campaign educates Slovaks on migration in a fun and artistic way.

Secret votes and public lies

There are uncanny echoes today of Slovakia’s agonies over its choice of chief prosecutor ten years ago.

Dobroslav Trnka (left) and Jozef Čentéš (right), the candidate who was eventually selected by MPs in 2011, never got to take up the post because the then president, Ivan Gašparovič refused to appoint him for reasons that were never clearly explained.

News digest: Slovakia to spend three Advent weekends with testing. President wants it to be voluntary

Seven candidates for the general prosecutor post approved. Acting general prosecutor steps down.

Installation of Christmas tree in Trnava

Which are the largest law firms in Slovakia?

For the first time, the ranking also provides an overview in partial categories of law.