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UniCredit Hungary extends maturity of HUF 350 mln credit line for Est Media

UniCredit Hungary has extended a HUF 350 million credit line to Est Media Holding until April 15, 2012, and transactions requiring the bank's approval have taken effect, Est Media said late Monday.

The transactions requiring the bank's approval were the sale of a 25% stake in radio station operator FM1 for HUF 120 million and the extension of a HUF 300 million loan to April 15, 2012 to cover payment due for the acquisition of festival organiser Sziget, Est Media said.