EQS-Adhoc: Highlight Communications AG: Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation
EQS-Ad-hoc: Highlight Communications AG / Key word(s): Strategic Company Decision
Highlight Communications AG: Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation
23-Feb-2024 / 07:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of inside information pursuant to Article 17 MAR
Pratteln, 23 February 2024
Sport1 Medien AG sells 50% stake in Sport1 GmbH as part of comprehensive co-operation
Sport1 Medien AG, a wholly-owned subsidiary of Highlight Communications AG, has tonight agreed a comprehensive co-operation with the international media and entertainment company ACUNMEDYA, based in Istanbul, which includes the sale of 50 percent of the shares in the subsidiary Sport1 GmbH for a purchase price of 30 million Euro.
ACUNMEDYA has undertaken to produce its internationally successful entertainment and sports entertainment programmes for Sport1. Highlight Communications AG will continue to fully consolidate Sport1 GmbH for accounting purposes.
The completion of the transaction is subject to various conditions, in particular media and antitrust approvals.
Further information:
Investor Relations
Netzibodenstrasse 23b
CH-4133 Pratteln BL
Phone: +41 (0)61 816 96 91
Email: ir@hlcom.ch
End of Inside Information
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