Agrofert sells Mafra group and other assets

The Agrofert conglomerate, belonging to the former prime minister Andrej Babiš, is reported to have sold the Mafra group, one of the largest media houses in the country, and other assets, to the Kaprain Group owned by billionaire entrepreneur Karel Pražák.

The value of the Mafra media group is estimated at around 150 million euros (CZK 3.56 billion).

The company's publications reach 3.24 million readers and 7.4 million internet visitors. They include Mladá fronta DNES, Hospodářské noviny in Slovakia and many other titles, including Lidové noviny, the oldest Czech daily. Mafra has also incorporated Bauer Media's magazine portfolio under its brand and operates the Óčko television station and Radio Impuls.

Babiš was repeatedly criticized for ownership of Mafra while he was prime minister. A new law approved by Parliament bans politicians in high posts from owning media outlets.