Alter Ego Media (AEM), the major media group in Greece, is poised for substantial growth following the acquisition of digital platforms Newsit and Tlife. According to a flash note issued by Pantelakis Securities, the deal marks a significant step forward for AEM’s digital media expansion, prompting the brokerage to raise its price target for the company’s shares to €6.55. This represents a potential 49% upside from the current market value.

Under the title “A Taste of a Brighter Future” Pantelakis highlights how this acquisition positions Alter Ego Media as the country’s largest digital publisher. The deal is estimated to have been completed at a valuation of 6.7 times the projected operating earnings of the two acquired platforms for 2026.

The report anticipates a 12% increase in estimated earnings per share for AEM in 2026, translating into €20.3 million in added value, or €0.35 per share, for the company’s shareholders. In light of this, Pantelakis maintains an “overweight” rating on the stock.

Prominent media figures Tatiana Stefanidou and Nikos Evangelatos are expected to play a key leadership role in managing the newly acquired media assets over at least the next five years. As part of the transaction, they will purchase 400k shares (each 200k) of AEM at €5.0 per share cost (€2m in total) by participating in the latter’s upcoming dedicated share capital increase (ie €2m private placement), which will take place by end-October 2025.

According to Pantelakis Securities The acquisition aligns with Alter Ego Media’s broader strategic objective to diversify its media portfolio and strengthen its growth outlook. With robust cash reserves, the company is well-positioned to pursue additional acquisitions that could deliver further value to its shareholders.
Pantelakis concludes that the move not only consolidates Alter Ego Media’s dominance in the digital publishing sector but also enhances its competitive edge in Greece’s rapidly evolving media landscape