MBC Group will own 30% of the voting shares, whereas the Antenna Group retains 70% control.
MBC Group has invested $248.81m in Antenna Greece BV, the indirect parent company of Antenna TV and Makedonia TV.
Antenna Group is a privately-owned international technology, media and entertainment company with a presence in Central & Eastern Europe.
MBC Group now owns 30% of the voting shares, whereas the Antenna Group retains 70% control of the respective holding company.
The funds will be dedicated to the creation of state-of-the-art studios and infrastructure with international standards in Greece, in order to attract television and film producers from all over the world. The aim is to make Greece an international hub for audiovisual production, which, in parallel with the incentives established by the state, will encourage the increase of relevant investments and the inflow of foreign exchange.
The funds will also be available to digital startups, as well as digital service companies, that will strengthen Greece’s digital ecosystem.