AUSTRIA - ATV up for sale
According to Austrian press reports private equity firms are expected to bid for Austrian Bank BAWAG PSK’s 43% stake in Austria’s only nationwide commercial broadcaster ATV. Following the acquisition of BAWAG in the beginning of 2007 by a consortium led by US private equity firm Cerberus Capital Management, BAWAG dediced to sell its noncore assets, including ATV. Rothschild has been appointed to arrange the sale process. Estimates for the stake vary greatly with figures ranging from EUR 50m to EUR 100m.
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