UTV Management


Stockholders back CTC Media sale

CTC Media’s stockholders approved the sale of 75% of the company to Russia’s UTV Management at a special meeting held yesterday. The sale to UTV was approved by people who own 62.7% of CTC’s outstanding shares, while 54.4% approved a merger between CTC Media and a wholly owned subsidiary called CTCM Merger Sub. The sale […]

Russian gov’t approves CTC Media sale

The Russian government has given the green light to CTC Media’s planned sale to UTH Russia-affiliated UTV Management. The Russian Government Commission responsible for the Control of Foreign Investments in the Russian Federation approved the deal, while CTC Media’s largest stockholder, MTG Russia, has also backed the sale in a proxy vote ahead of a […]