RTL Group has sold its Belgian subsidiary to local media companies DPG Media and Groupe Rossel in a deal worth €250 million.
The deal is expected to close in the final quarter of 2021, subject to regulatory approvals.
RTL Group was RTL Belgium’s majority shareholder for 33 years, before taking full ownership in December 2020.
The company operates three free-to-air channels – RTL-TVI, Club RTL and Plug RTL. It also operates streaming service RTL Play.
Elmar Heggen, COO and deputy CEO of RTL Group, said: “DPG Media and Groupe Rossel are strong cross-media companies that are well equipped to accelerate RTL Belgium’s digital transformation. The sale is in line with our strategy and the best strategic option for RTL Belgium, its dedicated employees and our shareholders.”
“We look forward to continued cooperation with RTL Belgium, for example with our technical service provider BCE in Luxembourg and the streaming technology company Bedrock.”