News Summary:
Portuguese investment group Alpac Capital is reportedly in advanced talks to acquire several media outlets from United Group, including N1 and Nova TV channels in Serbia, as well as daily and weekly publications across Southeast Europe, with a potential deal finalization within the next month, according to Serbian weekly Vreme. Earlier this month, on April 7, United Group announced the completion of a new terrestrial cable connecting Athens and Thessaloniki, Greece. Its subsidiary, United Fiber, built the cable, enhancing the Group's regional fiber network and connectivity in Southeastern Europe. Previously, on February 19, United Group implemented a new governance framework for its news assets to safeguard editorial independence. Under this framework, news operations in Bosnia and Herzegovina, Croatia, Montenegro, Serbia, and Slovenia now report to the Adria News Network, which features an independent board and an Editorial Council of international media professionals. This follows the successful completion of a €1.5 billion bond refinancing on January 21, which strengthened the company's capital structure and financial flexibility. The refinancing involved significantly increasing new floating-rate bond issuance to €1.13 billion and refinancing existing PIYC PIK bonds.
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