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Scripps Networks finalized acquisition of TVN and appointed new Supervisory Board

01.07.2015

On 1 July 2015, the ITI Group and Canal+ Group finalized the sale of a controlling stake in TVN SA to Southbank Media Ltd, owned by the US group Scripps Networks Interactive. The agreement provided for the amount of EUR 584 million for 100 percent of shares in N-Vision, which holds 52.7% of shares in TVN. On the same day, a new Supervisory Board was appointed, and its members include Krzysztof A. Zakrzewski, our Managing Partner.

We described details of the transaction in March - DZP is representing US Scripps Networks Interactive Group in the process of TVN Group acquisition.