United Group to buy Bulgaria's Vivacom in $1.3 billion dealChristian Fernsby ▼ | November 7, 2019
Balkan telecoms and media company United Group, owned by private equity firm BC Partners, said it had agreed to acquire Bulgaria’s Vivacom.
Topics: United Group Vivacom
The deal comes after United Group acquired Croatian telecoms operator Tele2 Croatia for 220 million euros ($243 million) in May as part of its plans to expand in south-eastern Europe.
United Group, Vivacom and BC Partners said in a joint statement that the deal was expected to close in the second quarter of next year, “subject to conditions, including receipt of applicable anti-trust approvals”. ■