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DJ RTL Group's SpotX Sale to Bolster Dividend Payout -- Market Talk

· 02/05/2021 04:45

0945 GMT - The agreement for RTL Group to sell its U.S. ad-tech company SpotX to Magnite for $1.17 billion in cash and stock is expected to strengthen the dividend payout for shareholders of the Luxembourg-based media company, Citi says. "The price RTL has received for SpotX is higher than we expected and shareholders should benefit from this as the capital gain will boost the dividend pay out in 2021," Citi says. The transaction is expected to close in the second quarter of 2021. RTL Group shares trade 6% higher at EUR46.56. (mauro.orru@wsj.com; @MauroOrru94)

(END) Dow Jones Newswires

February 05, 2021 04:45 ET (09:45 GMT)

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