RTL Group and Canal Group finalize SPORTFIVE deal

SPORTFIVE is a major force in international sports rights and the number one in worldwide football television rights. Each of the groups has received a consideration of € 274m million in cash for its respective 48.85 per cent shareholding. Under the terms of the transaction, funds managed by Advent International (a leading global private equity fund) and RTL Group, have formed a new company that purchased all of the shares in SPORTFIVE. RTL Group holds 25% of the new company and the remainder is held by Advent International, Goldman Sachs and the management, with Advent International holding a majority stake. Chairman and CEO Jean Claude Darmon will quit the company on July 15 and will be replaced by existing COO, Philip Cordes. The other members of the executive management are: Erika Tertilt, Robert Müller von Vultejus and Thomas Röttgermann.

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