|Real-time - 06/24 11:39:20 am|
NRJ : Sale of remaining stake in EIT
|06/23/2020 | 01:07pm|
Paris, June 23, 2020 - 6:00pm
NRJ GROUP completes the sale of its minority interest in Euro-Information Telecom
NRJ Group announces that it has completed the sale to Euro-Information of its 5% remaining interest in Euro-Information Telecom, a company which has licensed the brand NRJ Mobile, for an amount of EUR 50 million. Euro-Information, a company of Crédit Mutuel group, now holds all the shares and voting rights of Euro-Information Telecom.
Together with this sale, NRJ and Euro-Information Telecom have extended the NRJ Mobile brand licensing contract until December 31, 2025.
This sale of minority interest will be effective in NRJ Group's consolidated accounts as at June 30, 2020. NRJ Group intends to use the proceeds for corporate purposes.
About NRJ GROUP
NRJ GROUP is one of France's leading private media groups in the publishing, production and broadcasting sectors and also markets its own media spaces.
In France, the Group tops the private radio market with its four brands (NRJ, CHERIE FM, NOSTALGIE and RIRE & CHANSONS), is a significant player on the television market where it operates and develops two free national channels (NRJ 12 and CHERIE 25) and a paid channel (NRJ HITS, the number 1 cable-satellite-ADSL music channel) and, through its subsidiary towerCast, ranks number two on the French broadcasting market. Backed by its strong brands, marketing expertise and commercial performance, in recent years the Group has also developed a digital ecosystem enabling it to monitor and anticipate changes in the consumption of media via new delivery mechanisms, expanding its original brand portfolio through websites, mobile and voice apps, multi-channel networks and nearly 240 Internet radio stations. Today, NRJ Group is the number 1 private Internet radio group in France. This digital presence enables the Group's advertising business to provide its clients with a more targeted offering thanks to the strategic data collected by the Group.
On the international market, the Group is present in 17 other countries, with NRJ/ENERGY, the number one international radio brand, and/or NOSTALGIE/NOSTALGIA, either directly or through partnerships or licensing agreements.
NRJ GROUP shares are listed on Euronext Paris (compartment B).
Codes - ISIN: FR0000121691; Reuters: NRG-FR; Bloomberg: NRG FP.
Analyst and Investor Information
NRJ GROUP - Investor Relations 46-50 avenue Théophile Gautier 75016 Paris -www.nrjgroup.frFTI Consulting - Arnaud de Cheffontaines | Cosme Julien-Madoni / Tel: + 33 1 47 03 68 19 / e-mail: firstname.lastname@example.org
NRJ GROUP, a public limited company with capital of 781,076.21 euros
Head office: 22, rue Boileau 75016 Paris
332 036 128 RCS PARIS
NRJ Group SA published this content on 23 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2020 17:06:06 UTC