13
June
2006
|
00:00
Europe/Amsterdam

TMG completes sale of activities in Limburg

Telegraaf Media Groep N.V. (TMG) announced in its press release of 4 April 2006 that it had signed a letter of intent with Mecom Group plc (Mecom) for the sale of Media Groep Limburg B.V. (Dagblad De Limburger and Limburgs Dagblad), Grafisch Bedrijf Media Groep Limburg B.V. (Nieuwsdruk Limburg newspaper printer’s) and Uitgeversmaatschappij De Trompetter B.V. (publisher of door-to-door papers) for an enterprise value of € 200 million. 

 
A reservation was made in that same press release in connection with the necessary recommendations from the relevant works councils and permission of Mecom’s shareholders.
Following the recent positive recommendation from the works councils, Mecom’s shareholders today approved the transaction as well.