LUXEMBOURG’S INVESTMENT GROUP TO INVEST USD 8 M IN EVROPA TV

Business | February 1, 2002, Friday // 00:00| Views: | Comments: 0

Luxembourg's Central Investment Group plans to invest USD 8 M in Bulgaria’s Evropa television in the next three years, the Group's President Kristian Groke announced. Central Investment Group acquired 50 percent in the TV station. The talks on the deal lasted six months, Groke explained. Central Investment Group decided to invest in Evropa TV because of its excellent structures in the two biggest cities in Bulgaria, Sofia and Plovdiv, because of its "clear ownership" and the fact that it has no outstanding debts, Groke said. Central Investment Group owns companies in Germany, Austria, Greece and Ukraine. Its 2001 annual turnover exceeds USD 18 M. Evropa TV is a national news TV channel, founded in late 2000.
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