Deloitte Legal's Krehic & Partners has advised CME on its EUR 50 million acquisition of RTL Croatia. Wolf Theiss advised RTL Croatia.
According to Krehic & Partners, the deal closed on June 1, 2022, after being approved by the Croatian Competition Agency and the Croatian Electronic Media Agency, and is the country's “largest media transaction in the last decade.”
CME is a subsidiary of the PPF Group, an international investment group founded in the Czech Republic in 1991.
“As a PPF company, we are always open to interesting ideas for growth and investment and see that the Adriatic is a growing region with exceptional potential,” CME CEO for the Czech Republic, Romania, Slovakia, and Slovenia Didier Stoessel commented. “We have a very successful operation with ProPlus in the region and I believe that these two Adriatic countries can work well in parallel. As in our other countries, we will focus on digitalization and local content creation, while continuing to excel in pluralistic and high-quality journalism.”
The Krehic & Partners team included Managing Partner Tarja Krehic, Partner Ivan Zornada, Attorney Valerija Cerovski, and Associates Jelena Kraljevic, Andro Mrljak, Ivana Mihaljevic, and Dino Kozul.
The Wolf Theiss team included Managing Partner Luka Tadic Colic, Partner Dora Gazi Kovacevic, and Associate Marija Lalin.