March 17, 2017 / 8:03 AM / 4 months ago

Sweden's MTG sells its Baltic broadcasting operations

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STOCKHOLM, March 17 (Reuters) - Swedish media group MTG said on Friday it had agreed to sell its Baltic broadcasting operations to Providence Equity Partners in a deal valuing the businesses at 115 million euros ($124 million).

The sale, which will result in a significant net capital gain, reflects MTG's ongoing transformation from traditional national broadcaster into a global digital entertainer, the company said. ($1 = 0.9295 euros) (Reporting by Olof Swahnberg; editing by Johannes Hellstrom)

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