Central European Media Considers Asset Sales, Equity Financing
Central European Media Ltd. is exploring “further” options to “improve” liquidity including new equity financing, asset sales and renegotiations of payments obligations with number of suppliers, Chief Executive Officer Adrian Sarbu said in a call with analysts today.
The company has been in contact with Time Warner Inc. (TWX) regarding its possible participation in public or private equity offering, Sarbu said.
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