Global Wealth Group PLC completes acquisition of Vergina TV Cyprus

The Cyprus Radio and Television Authority has officially approved the acquisition of Vergina TV Cyprus by Global Wealth Group PLC, as announced on November 4, 2026. The deal marks the transfer of the television station under the control of the group, which is led by Michalis Ioannidis, the head of the Monitoring Council for the Government Program of the DISY party.

Michalis Ioannidis confirmed the completion of the business transfer via social media, stating that the regulatory approval had been secured just days prior. While no specific details regarding the operational changes were provided, Ioannidis indicated that the new ownership plans to implement structural reforms in the near future. These changes are intended to strengthen the station’s presence and competitiveness within the Cypriot television market, setting the channel on a new operational trajectory under the current management.