March 17, 2017 / 7:37 AM / 8 months ago

BRIEF-MTG sells Baltic broadcasting businesses

March 17 (Reuters) - Modern Times Group Mtg Ab

* Mtg sells Baltic broadcasting businesses

* MTG sells its businesses in Estonia, Latvia and Lithuania to Providence Equity Partners

* Cash transaction values 100% of business at an enterprise value of eur 115 million (approximately sek 1,094 million), equivalent to 12.0x FY 2016 EBIT

* Closing is subject to regulatory approvals

* Sale will result in a significant net capital gain, which will be reported within items affecting comparability (IAC) Source text for Eikon: Further company coverage: (Reporting By Anna Ringstrom)

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