Brief: Cofina Says Potential Investors Submit Final Offers For Cofina Media

Grupo Media Capital SGPS SA

18/09/2023 06:42

Sept 18 (Reuters) - Cofina  CFN.LS :
    * SAID ON FRIDAY EXECUTIVES OF COFINA MEDIA AND A GROUP OF
INVESTORS (MBO), THROUGH A VEHICLE COMPANY EXPRESSAO LIVRE SGPS
SA AND MEDIA CAPITAL  MCP.LS  SUBMITTED FINAL OFFERS FOR COFINA
MEDIA, BOTH REGARDING THE PRICE AND THE CORRESPONDING
CONTRACTUAL TERMS (BAFO)
    * THE BAFO SUBMITTED BY THE MBO CONSIDERS AN EQUITY VALUE OF
COFINA MEDIA OF 56.8 MILLION EUROS
    * THE BAFO SUBMITTED BY MEDIA CAPITAL CONSIDERS AN EQUITY
VALUE OF
COFINA MEDIA OF 54.5 MILLION EUROS, OR THE EQUIVALENT OF THE
PRICE OF ANY COMPETING OFFER RECEIVED BY COFINA, BY 16:30 ON
SEPTEMBER 15, PLUS 5%, UP TO A LIMIT OF 56.0 MILLION EUROS
    * BOTH BAFO RECEIVED PROVIDE FOR MECHANISMS TO CALCULATE THE
FINAL
PRICE TO BE RECEIVED BY COFINA
    * THE BAFO WILL BE ANALYSED BY THE RESPECTIVE COMPETENT
CORPORATE
BODIES, WHICH WILL DECIDE WHETHER TO SELL OR NOT THE SHARES OF
COFINA MEDIA TO ONE OF THE POTENTIAL PURCHASERS
    * NO DECISION HAS BEEN MADE REGARDING THE SALE OR NON-SALE
OF THE
SHARES OF COFINA MEDIA TO ONE OF THE POTENTIAL PURCHASERS

        
 Source texT: https://tinyurl.com/j5en73c4
 Further company coverage:  CFN.LS  

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