Est Media to acquire Delta Systems in HUF 28.6bn deal

Est Media to acquire Delta Systems in HUF 28.6bn deal

Published at: 2019-08-01 09:49 | Author: CIJ Serbia
Est Media Nyrt is set to acquire Delta Systems Kft for HUF 28.6bn. Est Media will cover the majority of the purchase price through its own equity, while the remaining HUf 2.35bn will be financed through a five-year shareholder loan from GlobTerm, which has a 9.82-percent stake in Est Media. The transaction must still be approved by the competition office. Est has two core business divisions: telecommunications and media.

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