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RTL Group, the leading European entertainment network, today announced that it has signed an agreement with Dimitris Contominas, the current owner of Alpha Media Group, to acquire a 66.6 per cent majority shareholding in the Greek broadcasting company for EUR 125.7 million. Under the terms of the deal, RTL Group will occupy five of the nine seats on the Alpha Media Group Board of Directors and will have the right to nominate the Chief Executive Officer and Chief Operating Officer of the company, while Mr Contominas will nominate the Chairman of the Board of Directors. The transaction is subject to approval by the Greek Competition Commission and is expected to close in October or November. Gerhard Zeiler, Chief Executive Officer of RTL Group, comments: “The acquisition of Alpha Media Group...
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