company Central European Media Enterprises Ltd. (SME) announced that it has reached an agreement with a board member of the SME, a co-owner of Ukraine's largest Privatbank Igor Kolomoyskim on the sale of shares 1 1.

Under the treaty, I. Kolomoysky receives 49% of Ukrainian SME assets for $ 100 million in cash and 100% TET TV channel, which will be integrated into the Group 1 1, the online edition of Telekritika.

transaction should be completed before the end of the third quarter of 2009.

investment of $ 100 million will be invested in the development of TV 1 1, Movies and TET. In the future, channel TET will be developed under the Multi-Channel Strategies SME aimed at creating a niche media channels.

Also in agreement

I. Kolomoysky led to an option to buy 51% share of SME for $ 300 million in cash.

CME

Company owns several leading broadcasters in seven countries of Central and Eastern Europe. This Bulgaria (Pro.bg and Ring.bg), Croatia (NovaTV), Czech Republic (TVNova, NovaCinema, NovaSportand, MTVCzech), Romania (PROTV, PROTVInternational, Acasa, PROCinema, Sport.rota, MTVRomania), Slovakia (TVMark #237 ; za, Doma, NovaSport), Slovenia (POPTVta KanalA) and Ukraine (Studio 1 1 1 1 International, Kino, and 10% media Glavred media).

previously reported that mediakorporatsiya Central European Media Enterprises (CME) is seeking an investor for the channel Studio 1 1 .

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