JOJ Media House sells Euromedia Group SA

24-09-2013

Bucharest, September 24, 2013

JOJ Media House has sold 100% of its participation in Euromedia Group SA, the leader in the Romanian outdoor advertising industry, to a group of Romanian private investors. The parties have agreed to keep the details of the transaction confidential.

Richard Flimel, Chairman of the Board of JOJ Media House: “The sale of Euromedia is an important step in our restructuring of EPAMEDIA’s activities. I am convinced the new shareholders will provide Euromedia with the necessary support for its long-term success.”

Bogdan Vasile, CEO of Euromedia Group SA.: “The completion of this transaction is an important step for the local outdoor advertising market. Euromedia will continue to assume its leadership position in terms of turnover and advertising supports, as well in its professional and media knowledgeable approach to the business. Our goal will be to continue to best serve our clients and contribute to their success while improving our market position and profitability.”

JOJ Media House is a Slovak media holding company with shareholdings in the Slovak private television channels TV JOJ, PLUS, WAU and Senzi as well as in outdoor advertising companies in Austria, Slovakia, the Czech Republic, Croatia and Macedonia. In December 2012, JOJ Media House has acquired EPAMEDIA – EUROPÄISCHE PLAKAT-UND AUSSENMEDIEN GMBH (EPAMEDIA). EPAMEDIA was the direct shareholder in Euromedia Group SA.

Euromedia Group SA is the traditional leader of local outdoor advertising market with national coverage, having more than 8,000 faces in its portfolio, employing 84 people and generating a turnover over 8 mil euro in 2012.

JOJ Media House was assisted by Wolf Theiss & Associatii throughout the transaction. The legal team was led by Mrs. Ileana Glodeanu, Counsel, and Mrs. Adelina Iftime-Blagean, Senior Associate.

Founded in 1957, Wolf Theiss is one of the leading European law firms in Central, Eastern and South-Eastern Europe with a focus on international business law. With 340 lawyers in 14 offices located in Albania, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia and Ukraine, Wolf Theiss represents local and international industrial, trade and service companies, as well as banks and insurance companies. Combining law and business, Wolf Theiss develops comprehensive and constructive solutions on the basis of legal, fiscal and business know-how.

“Boştină & Associates” assisted the Purchasers throughout the transaction. The legal team was led by Mr. Cezar Guşu, Partner, while the structuring of the deal involved “Boştină & Associates Corporate Finance”, led by Mrs. Oana Borocan.

Boştină & Associates is one of the leaders of Romania’s legal consulting market, with a turnover of EUR 16.93 mil in 2012 and over 130 lawyers and consultants. With offices in Bucharest, Vienna, Fribourg, and Nicosia as well as in another 20 Romanian cities, Bostină & Associates Consulting Group also offers a mergers and acquisitions financial advisory through “Boştină & Associates Corporate Finance” 

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