WOOD Flash – CME: confirms merger with PPF, all regulatory approvals have been received
Yesterday (6 October), Central European Media Enterprises (CME) announced the expected completion date for the previously announced transaction, to be acquired by an affiliate of PPF Group N.V. Following the European Commission's clearance of the PPF Group merger with CME, all the required regulatory approvals needed to close the transaction have been received. Accordingly, the completion of the transaction is expected to occur on 13 October 2020.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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