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Acquisition of Nový Čas financed by J&T

The recent acquisition of the most popular Slovak tabloid, Nový Čas, sold by Swiss publisher Ringier Axel Springer to local businessman Anton Siekel, was financed by Poštová banka from the J&T group. The group finances TV Joj, a group of radio stations, as well as outdoor ad companies. A contract between Siekel and the bank was inserted into the lien registry, with a maximum amount of €70m, which is roughly the price Siekel paid for the daily. The weekly Trend says the bank in fact borrowed less, around €50m.

Táto správa je z Ekonomiky DNES, denného prehľadu najdôležitejších ekonomických správ zo Slovenska.

This news is from the Slovak Business News TODAY, one-page summary of all the important Slovak business news.

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