A&O takes finance role in acquisition of CME Group by PPF
05 November 2019
PPF Group N.V. has entered into a definitive merger agreement with Central European Media Enterprises Ltd. to acquire CME and its TV operations in Bulgaria, the Czech Republic, Romania, Slovakia and Slovenia in a transaction valued at approximately USD2.1bn. The transaction is subject to CME shareholder approval, customary closing conditions and regulatory approval.
Partner Cathy Bell-Walker, who led the team from London, commented: “This is a landmark transaction for the media sector in CEE. We are pleased to have supported PPF’s relationship banks, particularly as it follows our involvement on the funder side of PPF’s acquisition of Telenor’s assets in Central and Eastern Europe in 2018."
Cathy Bell-Walker and counsel Jan Skuhravy led the team, supported by senior associates Temi Esho and, from Bratislava, Peter Redo and associate Petra Dzubáková. The wider transaction team included lawyers from A&O's Bucharest, Prague, Bratislava, Amsterdam and New York offices.
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