RTL Group exercises put option to fully take over RTL Nederland
Luxembourg, 28 July 2011 – RTL Group, the leading European entertainment network, today announced that it has exercised its put option towards John de Mol’s Talpa Media Holding. Following this put option, RTL Group will get back Talpa Media’s 26.3 per cent minority shareholding in RTL Nederland in exchange for 100 per cent of the shares in Radio 538.
In addition, Talpa Media will also take over Radio 10 Gold and Slam FM from RTL Nederland. Both stations were acquired by RTL Nederland, in 2010 and 2011 respectively. In exchange, Talpa Media will reimburse RTL Nederland for the purchase prices paid.
RTL Group’s put option was agreed as part of the asset deal signed in June 2007 between RTL Group and John de Mol. The exchange of the respective shareholdings is set to take place in 2012.
Elmar Heggen, Chief Financial Officer and Head of the Corporate Centre of RTL Group, says: “Following last week’s decision of the Dutch competition authority, RTL Group has decided to exercise its previously agreed option now to get back the remaining shareholding in RTL Nederland, which is our third biggest family of TV channels and achieves outstanding ratings and results. At the same time we’re looking forward to continuing the proven co-operation with John de Mol’s Creative Unit in new ways.”
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About RTL Group
RTL Group is the leading European entertainment network, with interests in 40 television channels and 34 radio stations in 10 countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Alpha TV in Greece, and Antena 3 in Spain – the company also has interests in National Media Group in Russia. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group’s content production arm, FremantleMedia, is one of the largest international producers outside the US. Each year, it produces 9,500 hours of programming across 54 countries.