Advance Media Group Buys NOVA Broadcasting Group

A major deal on the Bulgarian media market was completed today, 10 April - the sale of NOVA Broadcasting Group / Modern Times Group from Modern Times Group to Advance Media Group. Nova is the largest commercial media group in Bulgaria comprised of 7 TV channels, as well as complementary radio and online businesses (including the largest digital media agency NetInfo). Kambourov & Partners advised the buyer Advance Media Group on all aspects of the EUR 185 m deal and provided full transaction assistance.