3 April 2019
Gernandt & Danielsson advises MTG and NENT Group on the formation and listing of NENT Group on Nasdaq Stockholm
Gernandt & Danielsson has advised Modern Times Group MTG AB (MTG) and Nordic Entertainment Group AB (NENT Group) on the split of the group, the distribution of NENT Group’s shares to the shareholders of MTG and the listing of NENT Group’s shares on Nasdaq Stockholm.
NENT Group is the leading supplier of entertainment in the Nordic region with a portfolio containing streaming services, TV-channels, radio stations and production companies. NENT Group, with head office in Stockholm, Sweden, has approximately 2,000 employees.
The prospectus was approved by the Swedish Financial Supervisory Authority and published on 8 March 2019. The first day of trading was 28 March 2019 and at the time of the listing, NENT Group had a market cap of over SEK 14 billion.
Gernandt & Danielsson has advised MTG and NENT Group with a team primarily comprised of Partner Fredrik Palm, Senior Associates Oscar Nyrén, Jonas Hämälä and Karin Källström and Associate Ludvig Berglönn.