RTL Group Disposal
04Sep2000 UK: RTL Group Disposal.
RTL Group 4 September 2000
RTL Group announces that it has sold its 26% stake in Vienna broadcasting station 92.9 HITFM to Austrian Privatradio Service Gesellschaft mbH. The decision to sell this stake is a reflection of RTL's minority position within the company, as imposed by legal limits. Strategically RTL Group prefers to take controlling positions in the companies in which it holds an interest. RTL Group remains interested in the Austrian Radio market.
Source: REGULATORY NEWS SERVICE 04/09/2000