PE-Backed French Broadcast Co. TDF Sheds Finnish Unit

Law360, New York (August 6, 2012, 6:14 PM EDT) -- Private equity-owned broadcaster Telediffusion de France SA will narrow its focus to core markets in France and Germany with a deal to unload its Finnish operations on a fund affiliated with Australian asset manager Colonial First State Investments Ltd., the buyer announced Monday.

First State European Diversified Infrastructure Fund FCP-SIF will pay an undisclosed amount for TDF Group's Digita Oy, Finland's biggest radio and television broadcaster, according to a statement from the Australian investment fund.

Digita marks First State's debut on the Finnish infrastructure scene, according...
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