Friday 28 July 2017

UTV Ireland sale given green light

Michael Cogley

Michael Cogley

UTV has received ministerial approval for the sale of UTV Ireland to ITV for £100m.

On October 29 last year, UTV announced it would sell its entire issued share capital in its wholly-owned subsidiary, UTV Ireland.

Approval from the Minister for Communications, Energy, and Natural Resources, Alex White, was one of the conditions of the deal that needed to be satisfied.

After receiving approval, UTV expects the deal to be completed on Monday, February 29.

In January ITV's purchase of UTV Media's television assets - including UTV Ireland - was approved by the Competition and Consumer Protection Commission (CCPC).

Irish Independent

Promoted articles

Also in Business