Colonial First State buys TDF’s broadcasting assets in Finland
Colonial First State, an Australian wealth manager owned by Commonwealth Bank of Australia, has agreed to buy French broadcasting group TDF’s Finland business. The company, known as Digita, owns Finland’s largest broadcast tower network as well as offering various terrestrial and digital television services.
The acquisition will be made via First State European Diversified Infrastructure Fund. The sellers are effectively TDF's private equity owners - TPG Capital, AXA Private Equity and Charterhouse. The value...
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