PineBridge preparing to sell majority stake in AKTA

19 Apr 2017

New York-based private equity fund PineBridge Investment will sell off its 63% stake in Romanian cable operator AKTA, writes local paper Ziarul Financiar (ZF). PineBridge’s majority stake is valued at more than EUR100 million (USD106.7 million). Previously, in 2014 AKTA’s owners attempted to seek a buyer for the company, although interested parties including UPC and Vodafone believed the price was too high at over EUR200 million.

Romania, Digital Cable Systems (AKTA / Dial)