Outcry: United Group media takeover not yet approved

The Luxembourg regulatory authority, however, has not yet approved the transaction by which Alpac Capital is to take over the media business of United Group, the institution confirmed to Raskrikavanje.

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Photo: United Group
Photo: United Group
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

Pedro Vargas David, owner of the Portuguese fund Alpac, yesterday took over directorships in the companies through which N1, Nova S, Nova.rs, Radar, Danas operate, writes the portal. Screaming.

The Luxembourg regulatory authority, however, has not yet approved the transaction by which Alpac Capital is to take over the media business of United Group, the institution confirmed to Raskrikavanje.

The realization of part of this deal also encountered an obstacle in Montenegro, where the Commercial Court temporarily halted changes that would have enabled the transfer of United Media's majority stake in Television Vijesti, due to a dispute with minority shareholders.

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The Independent Luxembourg Audiovisual Authority (Autorité luxembourgeoise indépendante de l'audiovisuel, ALIA) confirmed to Raskrikavanje that the process of approving the change of control over Adria News Network, the media group that Alpac Capital intends to take over from United Group, is still ongoing.

The approval of the change of control is the responsibility of the relevant Luxembourg ministry, which has requested ALIA's opinion on this transaction.

"We are still in the process of drafting that opinion. We can confirm that the transaction has not been approved to date," ALIA told Raskrikavanje.

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