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🇷🇸 Serbia /Economy & Trade

United Group declines comment on asset sale or acquisition rumors

From N1 Serbia · (1d ago) Serbian

Translated from Serbian, summarized and contextualized by DistantNews.

TLDR

  • United Group (UG), owner of N1, has declined to comment on reports about the potential sale or acquisition of its assets.
  • A report by weekly Vreme suggested that Portuguese investment group Alpac Capital is in negotiations to acquire N1 and other UG media outlets.
  • UG stated its focus remains on enhancing value creation and supporting its businesses for the benefit of all stakeholders.

United Group, a prominent player in the media and telecommunications sector across Southeast Europe, has officially sidestepped questions regarding a potential sale or acquisition of its assets. In a statement provided to N1, one of the group's media outlets, UG asserted that it does not engage with market speculation.

The reports, originating from the weekly Vreme, indicated that Alpac Capital, the Portuguese investment firm behind Euronews, is in talks to acquire N1 and other media properties under the United Group umbrella. This news has naturally sparked considerable interest, given the significant footprint of UG's media operations in the region, which include Nova, Nova.rs, Danas, and Radar, in addition to N1.

United Group does not comment on market speculation regarding the sale or acquisition of any of its assets. The Group remains focused on enhancing value creation and supporting the running of businesses across the entire portfolio in the best interest of all stakeholders.

— United GroupOfficial statement from United Group regarding market speculation.

From the perspective of Adria News Network (ANN), the entity housing UG's news media, ownership decisions are ultimately a shareholder matter. ANN emphasized its commitment to safeguarding editorial integrity through independent oversight and robust safeguards for newsroom decision-making. The group's governance framework is designed to foster a stable, independent, and sustainable news organization. While United Group remains tight-lipped, the focus on editorial independence and stakeholder interests suggests a strategic approach to any potential changes in ownership, aiming to preserve the integrity of its diverse media portfolio.

Adria News Network is focused on protecting editorial integrity across its media through independent Board oversight, defined editorial leadership and strengthened safeguards for newsroom decision-making. The purpose of our governance framework is to build a stable, independent and sustainable news organisation. Questions relating to ownership are a matter for the shareholders.

— Adria News Network (ANN)Statement from ANN regarding ownership and editorial integrity.
DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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