M6 Metropole Television: Proposed Sale of Best of TV to the Company Passat S.A.
M6 Group has entered into exclusive negotiations to sell its 51% stake in Best of TV to Passat S.A.
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Best of TV (importer / wholesaler) offers, for mass retail, various niche products including some that are exclusive to home shopping. They are generally accompanied in store by modern and attractive displays with a demo vide.
This project has the support of the management of Best of TV.
Completion of the transaction remains subject to finalisation of the negotiations and to consultation with employee representative bodies.
With this disposal, M6 is continuing the turnover of its diversification portfolio whose development is notably based on the strength of the Group’s TV channels.
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INVESTOR RELATIONS
Guillaume Couturié +33 (0)1 41 92 28 03 / guillaume.couturie@m6.fr
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Source: M6 METROPOLE TELEVISION