Project description
and objectives:
|
Long-term bank financing to CME will support further development and
restructuring of this TV broadcasting group with proceeds to be used for
capital expenditures and acquisitions in the operating TV stations.
|
Transition impact:
|
The proposed project will enable CME to enhance and extend its operations and
operational efficiency in its current countries of operation: the Ukraine,
Romania, Croatia, Czech Republic, Slovakia and Slovenia. It will support the
development of competitive TV broadcasting markets in Croatia, Romania and
Ukraine and stimulate corporate restructuring of the Company’s businesses in
the Czech Republic and Slovakia. The project is also expected to have a
positive impact on the development of local TV production industries in the
region.
|
The client:
|
CME is a NASDAQ-listed company and the leading TV broadcasting group in the
CEE region with operations in Croatia, Czech Republic, Romania, Slovenia,
Slovakia and Ukraine.
|
EBRD finance:
|
EBRD debt financing of EUR 50 million alongside two commercial banks under a
EUR 100 million EBRD “A/B” loan structure.
|
Total project cost:
|
EUR 100 million.
|
Environmental impact:
|
Screened C1. The project is unlikely to be associated with any significant
environmental issues. The corporate environmental audit has confirmed legal
compliance of the Sponsor and examined environmental implications of the
proceeds. The Sponsor will be required to ensure that sub-projects comply
with, at a minimum, national environmental, health, safety and labour
standards and requirements as well as good international practice and to
submit annual reports on environment, health and safety issues.
|
Technical
cooperation:
|
None.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Romana Tomasova, Director of Corporate Communications
Central
European Media Enterprises
Tel: +44 (0)20 7430 5430
|
EBRD contact:
|
Hrvoje Crnogorac, Operation Leader: crnogorh@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
