Capital Media

Location:

Regional

Project number:

36371

Business sector:

Information and Communication Technologies

Notice type:

Private

Environmental category:

C

Target board date:

07 Mar 2006

Status:

Completed

PSD disclosed:

03 Feb 2006

Project Description

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.

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.

Company Contact

Romana Tomasova, Director of Corporate Communications
Central European Media Enterprises

Tel: +44 (0)20 7430 5430

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

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Text of the PIP

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.