Sky Radio Group (part of TMG) and Regiocast GmbH & Co. KG (Regiocast) signed an agreement for the acquisition of a minority stake in Sky Radio Hessen by Regiocast.

Upon completion of the agreement Regiocast, a German radio company with interests in several regional radio stations in Germany, will acquirea 49% stake in Sky Radio Hessen.

The completion of the agreement is subject to German antitrust and media regulatory clearances.