Brief: Prisa Sells 30% In Grupo Media Capital To Pluris

Grupo Media Capital SGPS SA

14/05/2020 17:49

May 14 (Reuters) - Promotora de Informaciones SA  PRS.MC :
    * INFORMS ABOUT ACQUISITION BY PLURIS INVESTMENTS, 30.22% OF
SHARE
CAPITAL OF ITS PORTUGUESE LISTED SUBSIDIARY, GRUPO MEDIA CAPITAL
SGPS
    * TRANSACTION HAS BEEN CARRIED OUT THROUGH A BLOCK TRADE
TRANSFER
OF THE SHARES FOR 10.5 MILLION EUROS
    * IMPLICIT VALUATION OF THE TRANSACTION IS OF AN ENTERPRISE
VALUE
OF EUR 130 MILLION
    * DEAL WILL RESULT IN AN ACCOUNTING LOSS IN PRISA'S
INDIVIDUAL AND
CONSOLIDATED ACCOUNTS OF ABOUT 29 MILLION EUROS
    * TRANSACTION IS PART OF THE DIVESTMENT POLICY INITIATED BY
PRISA
    * REITERATES THAT IT CONSIDERS PLURIS A SUITABLE INVESTOR
FOR
MEDIA CAPITAL

Source text for Eikon:  ID:nCNM89p6GY 
Further company coverage:  PRS.MC 

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