Brief: Cofina Says Deal With Prisa To Buy Grupo Media Capital's Stake Did Not Expire After Unsuccessful Capital Increase

Grupo Media Capital SGPS SA

16/03/2020 08:50

March 16 (Reuters) - Cofina SGPS SA  CFN.LS :  
    * SAID ON FRIDAY THAT, IN ITS UNDERSTANDING, THE AGREEMENT
WITH
PROMOTORA DE INFORMACIONES (PRISA) TO BUY ITS STAKE IN GRUPO
MEDIA CAPITAL DID NOT EXPIRE AFTER THE UNSUCCESSFUL COFINA
CAPITAL INCREASE, AND DOES NOT OWE THE 10 MILLION EUROS
    * SAYS SENT PRISA A NOTICE OF TERMINATION OF AGREEMENT ON
MARCH
12, CONDITIONAL TO BOTH PARTIES NOT REACHING AN AGREEMENT ON
MODIFICATION OF THE CONTRACT IN A PERIOD OF SEVEN DAYS

    
 Source text: https://bit.ly/2wUW8dP
    
 Further company coverage:  CFN.LS  
   
    
    

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