Covington Advises Central European Media Enterprises on $262.2 Million Deal

LONDON—Covington is advising Central European Media Enterprises Ltd. (CME) on the sale of its broadcast operations in Croatia and Slovenia to Slovenia Broadband S.à r.l for approximately $262.2 million. The transaction is expected to close by the end of 2017. 

CME is a NASDAQ-listed media and entertainment company operating leading businesses in six Central and Eastern European markets. Slovenia Broadband S.à r.l is a subsidiary of United Group B.V. which is majority owned by U.S. investment firm KKR.

The Covington team includes Jeff Potash, James Halstead, Jane Pinho, and Emma Heffernan (corporate), Miranda Cole (competition), Morag Peberdy (IP), and Guy Dingley (tax).