MTG close to deal

Sweden’s Modern Times Group (MTG) is poised to sell its media channels in the three Baltic countries. SEB has been looking for a buyer for the Baltic businesses since November and a deal that could give MTG a capital injection of one billion kronor is said to be close.

Concerns have been raised over the sale of the businesses, with warnings in Latvia that a change of ownership in the country’s TV channels is occuring at a risky time, given the culture of misinformation that is often part of Russia’s foreign policy.

“I see a risk since we do not know who the purchaser is. MTG has a major influence on Latvian society, and maintains a high standard,” says Aija Calite-Dulevska to the Lsm.lv news website.