International investment group, Alpac Capital and its shareholder of United Group (the Group), have announced an agreement for the sale of Adria News Network.
Alpac Capital has a long and well-established record of operating news assets at international scale, with its majority-ownership of one of the world’s largest networks, Euronews, reaching over 1.5 billion people in more than 160 countries, and broadcasting in 19 languages.
This acquisition provides Adria News Network (ANN) with a strong platform and an owner aligned with its editorial principles, securing the long-term independence of these important news assets.
Alpac Capital is committed, as its ownership of Euronews reflects, to promoting neutral, fact-based journalism that upholds the highest editorial standards. United Group is the leading telecommunications and media provider in Southeastern Europe, majority-owned by global investment firm BC Partners.
In February 2026, United Group brought together its news assets across Bosnia and Herzegovina, Croatia, Montenegro, Serbia and Slovenia under one independent brand, ANN, with its own fully independent board and oversight from an Editorial Council of senior international media professionals.
ANN’s established and award winning brands, including N1, Nova S, Vijesti and Danas, deliver multi-platform news to a combined audience of over 16 million people and employ more than 1,000 journalists and staff.
The governance framework introduced at the same time was identified as the most effective way to protect editorial independence while providing stability, transparency and resilience for the business, in line with the commitments made by BC Partners and the management of United Group in 2025.
Adria News Network is licensed and regulated inside the European Union, with licenses reflecting guarantees on editorial independence. Following the creation of ANN, United Group received several unsolicited expressions of interest from parties seeking to acquire these news assets.
Alpac Capital was selected on the basis that it provided the highest value while meeting the governance and independence principles established from the outset.
