Brief: Prisa Completes Sale Of 43.27% Of Media Capital For 24.7 Mln Euros

Grupo Media Capital SGPS SA

03/11/2020 06:20

Nov 3 (Reuters) - Promotora de Informaciones SA (Prisa)
 PRS.MC :
    * SAID ON MONDAY, ITS UNIT VERTIX SOLD SHARES REPRESENTING
43.27%
(OF ITS 64.47% TOTAL STAKE) THROUGH INDEPENDENT BLOCK TRADE
TRANSFERS OF SHARES FOR A TOTAL PRICE OF 24.7 MILLION EUROS
    * TOTAL PRICE OF SALE OF ENTIRE STAKE HELD BY VERTIX IS 36.9
MILLION EUROS
    * DIVESTMENT OF ENTIRE STAKE OF VERTIX IN MEDIA CAPITAL WILL
MEAN
AN ACCOUNTING LOSS IN PRISA'S INDIVIDUAL AND CONSOLIDATED
ACCOUNTS OF APPROXIMATELY 48.5 MILLION EUROS

    
    
 Source text: https://bit.ly/3oT9bms
    
 Further company coverage:  PRS.MC  
   


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