PPF Group and Antenna Hungária announce today that PPF has sold a 25% stake in its Telenor Hungarian companies (Telenor Hungary and Telenor Real Estate) to Antenna Hungária. PPF believes this transaction will allow Telenor Hungary to consolidate and leverage the core competencies of both Hungarian companies (Telenor Hungary/Telenor Real Estate and Antenna Hungária) and trigger mutual strategic synergies. A new holding entity has been created and will serve the purpose of a joint holding venture with PPF Group owning 75% and Antenna Hungária owning 25%.