Central European Media Enterprises Ltd
Investment Company
| Name | CME |
|---|---|
| Sector | Media |
| Country | United Kingdom |
| Initial Inv Date | 2006 |
| Business Focus | Operation of leading TV stations in CEE countries |
| Contact |
CME Development Corporation
Aldwych House, 81 Aldwych London WC2B 4HN +44 207 430 5430 www.cetv-net.com |
Hamilton, Bermuda - August 29, 2006 - Central European Media Enterprises Ltd. (“CME”) (Nasdaq/Prague Stock Exchange: CETV) announced today that funds advised by Apax Partners (“Apax”) have entered into an agreement to acquire a 49.7% stake in the interests in CME owned by CME’s Non-Executive Chairman Ronald S. Lauder and related parties for approximately $190 million in cash.
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