Monday 4 March 2024

Broadband TV News: BC Partners considering sale of United Group

Story from Broadband TV News:

BC Partners is reportedly considering a sale of United Group as a whole, including Nova in Greece, and the SBB cablenet in Serbia.

Its estimated that the sale could fetch up to 2 billion Euros.

The story was first reported by the Greek publication Ekathimerinim.

The Belgrade-based Vreme learnt that BC Partners has initiated the process of selling a majority stake in United Group, and has hired investment banks Morgan Stanley and JP Morgan.

It’s expected that a public tender will be launched.

BC Partners currently owns 55% of the shares in United, which were bought from the KKR investment fund in March 2019 for €2.6 billion.

BC Partners has declined to comment on the reports.

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