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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Czech billionaire to finalize takeover of CME media group

PPF Group, controlled by Czech billionaire Petr Kellner, will finalize the takeover of regional media group CME (Central European Media Enterprises) on October 13.

The deal between PPF and US group AT&T, CME’s majority shareholder, has been cleared by the European Commission.

“Following the European Commission's clearance of the PPF Group merger with CME, all required regulatory approvals needed to close the previously announced transaction have been received. Accordingly, completion of the transaction is expected to occur on October 13, 2020,” CME announced on Tuesday, October 6.

CME is one of the biggest media groups in Central and Eastern Europe. It owns the biggest media company in Romania – PRO TV, which will thus go from American to Czech control.

(Photo: Pixabay)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

Czech billionaire to finalize takeover of CME media group

PPF Group, controlled by Czech billionaire Petr Kellner, will finalize the takeover of regional media group CME (Central European Media Enterprises) on October 13.

The deal between PPF and US group AT&T, CME’s majority shareholder, has been cleared by the European Commission.

“Following the European Commission's clearance of the PPF Group merger with CME, all required regulatory approvals needed to close the previously announced transaction have been received. Accordingly, completion of the transaction is expected to occur on October 13, 2020,” CME announced on Tuesday, October 6.

CME is one of the biggest media groups in Central and Eastern Europe. It owns the biggest media company in Romania – PRO TV, which will thus go from American to Czech control.

(Photo: Pixabay)

[email protected]

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