Moder Times Group Completes Sale of Stake in Operator Zitius
May 21 2014 - 2:50AM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedish broadcaster MTG AB (MTG-B.SK) said Wednesday
it has completed the sale of its 80% stake in Swedish
communications operator Zitius Service Delivery AB to TeliaSonera
AB (TLSN.SK), following approval from the Swedish Competition
Authority.
MAIN FACTS:
-Zitius will be deconsolidated from MTG's accounts from the
beginning of Jun.
-The transaction is expected to generate approximately SEK76
million of net gain.
-At 0718 GMT shares traded 0.4% lower at DKK300.70.
-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter:
@WSJNordics
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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