France NRJ looking to sell Towercast transmission outfit

French radio and TV group NRJ is planning to sell its transmission arm, Towercast, and it aims to raise over €300 million from the sale.

It appears that NRJ Group founder and CEO Jean-Paul Baudecroux has tasked mergers and acquisitions specialist Invest Corporate Finance to study the sale of the transmission towers division.

The paper reports that NRJ has received a number of expressions of interest on the parts of investment funds and potential industry buyers.

DTG Staff  |  22.09.2017

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