Atlantic Grupa and Agrokor sell their shareholdings in RTL Hrvatska
Zagreb, July 25, 2011 – Agrokor and Atlantic Grupa, each as individual owner of 13 percent of shares of RTL Hrvatska, announced today that they have reached an agreement with RTL Group which is to acquire their respective shareholdings in the Croatian broadcasting operation.
In 2003 Agrokor and Atlantic Grupa became a part of the consortium of Croatian companies and RTL Group which won the bid for the national television concession. Companies within the consortium had a goal to, in cooperation with one of the largest media companies in Europe with vast experience and knowledge in media business, generate modern competition and bring about new quality to the Croatian media market, which RTL Croatia succeeded in doing through its systematic trendsetting and leading position.
Agrokor and Atlantic Grupa have decided to leave the ownership structure of RTL Hrvatska as part of a framework of long-term focus on their core businesses. Representatives from both companies will retain their positions in the Supervisory board of RTL Hrvatska, and Atlantic Grupa will keep the symbolic ownership of 0.01% of the television’s shares.
Atlantic Grupa is one of the largest regional food industries with the well known brands such as Argeta, Barcaffe, Cedevita, Grand Kafa, Najlepše želje, Smoki etc. It is the leading European producer of sports food with the well-known Multipower brand, the largest regional producer of food supplements with Dietpharm brand, a prominent producer of personal care products as well as the leading distributor of consumer goods in South-Eastern Europe. The distribution portfolio of Atlantic Grupa includes global premium brands of distinguished producers such as Wrigley, Ferrero, Hipp, Johnson & Johnson and others. Atlantic Grupa is the owner of the leading private chain of pharmacies under the brand Farmacia.
About RTL Group
RTL Group is the leading European entertainment network, with interests in 40 television channels and 34 radio stations in 10 countries and content production throughout the world. The television portfolio of Europe’s largest broadcaster includes RTL Television in Germany, M6 in France, the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, Alpha TV in Greece, and Antena 3 in Spain – the company also has interests in National Media Group in Russia. RTL Group’s flagship radio station is RTL in France, and it also owns or has interests in other stations in France, Germany, Belgium, the Netherlands, Spain and Luxembourg. RTL Group's content production arm, FremantleMedia, is one of the largest international producers outside the US. Each year, it produces 9,500 hours of programming across 54 countries.