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Published on: July 6, 2023

Transformative acquisition for STV Studios

STV is broadly doubling the size of its Studios division with the acquisition of production business Greenbird Media for c.£24m. Strategically this looks transformative for STV Studios, and further diversifies the group outside of Broadcast. We conservatively estimate 5% EPS accretion, and financial ratios remain very comfortable even with the higher debt.

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