MediaWorks is now majority owned by Oaktree, which has a 77.8% share of the business, after recently purchasing shares from RBS and Westpac. The transactions were lodged with the companies office this morning.
Mark Weldon, MediaWorks Group CEO says: “Oaktree is an experienced, long-term investor into media businesses. They are a serious, very well managed investment company with a very strong reputation and track record, including a very successful investment into Nine in Australia. We are very happy to have Oaktree as a majority owner of this business.”