Euronews owner buys United Group's media assets in 5 Balkan countries

United Group, a prominent telecommunications and media operator in Southeast Europe, has agreed to sell its media assets across five Balkan countries to Alpac Capital. Alpac Capital is known as the investment group that owns Euronews.

The divestment includes media operations in Bulgaria, Croatia, Montenegro, Serbia, and Slovenia. This strategic move by United Group signals a significant shift in its portfolio, focusing on its core telecommunications business while exiting certain media markets.

The agreement between United Group and Alpac Capital has been confirmed by both parties. Summer Parent S.à r.l., the ultimate shareholder of United Group, and Alpac Capital have acknowledged the deal. The transaction is now pending regulatory approval in the relevant jurisdictions before it can be finalized.

While the article does not specify the financial terms of the deal or the exact outlets involved beyond mentioning "media assets," it indicates a major consolidation within the Balkan media landscape. The involvement of Euronews' owner suggests a potential for cross-border media synergy or a strategic expansion into the region by Alpac Capital.