Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation
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EQS-Ad-hoc: Highlight Communications AG / Key word(s): Strategic Company Decision Publication of inside information pursuant to Article 17 MAR Pratteln, 23 February 2024 Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation Sport1 Medien AG, a wholly-owned subsidiary of Highlight Communications AG, has tonight agreed a comprehensive co-operation with the international media and entertainment company ACUNMEDYA, based in Istanbul, which includes the sale of 50 percent of the shares in the subsidiary Sport1 GmbH for a purchase price of 30 million Euro. ACUNMEDYA has undertaken to produce its internationally successful entertainment and sports entertainment programmes for Sport1. Highlight Communications AG will continue to fully consolidate Sport1 GmbH for accounting purposes. The completion of the transaction is subject to various conditions, in particular media and antitrust approvals. Further information: HIGHLIGHT COMMUNICATIONS AG Investor Relations CH-4133 Pratteln BL Phone: +41 (0)61 816 96 91
End of Inside Information
23-Feb-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | Highlight Communications AG |
| Netzibodenstrasse 23b | |
| 4133 Pratteln | |
| Switzerland | |
| Phone: | +41 61 816 96 96 |
| Fax: | +41 61 816 67 67 |
| E-mail: | ir@hlcom.ch |
| Internet: | www.hlcom.ch |
| ISIN: | CH0006539198 |
| WKN: | 920299 |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1843513 |
| End of Announcement | EQS News Service |
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1843513 23-Feb-2024 CET/CEST
