Brief: Prisa Sells Its Entire Stake In Media Capital For 36.9 Mln Euros

Grupo Media Capital SGPS SA

04/09/2020 13:39

Sept 4 (Reuters) - Grupo Media Capital SGPS SA  MCP.LS :
    * SAYS SELLS ITS ENTIRE STAKE IN GRUPO MEDIA CAPITAL
    * SAYS SALE DONE THROUGH ITS SUBSIDIARY VERTIX, WHICH OWNED
64.47%
IN MEDIA CAPITAL
    * TRANSACTION IS EXPECTED TO BE CARRIED OUT THROUGH BLOCK
TRANSFERS OF SHARES FOR 36.9 MILLION EUROS WHICH IMPLIES AN
IMPLICIT VALUATION (ENTERPRISE VALUE) OF 150 MILLION EUROS
    * THIS TRANSACTION WILL MEAN AN ACCOUNTING LOSS IN PRISA'S
INDIVIDUAL AND CONSOLIDATED ACCOUNTS OF ABOUT 48.5 MILLION EUROS

Source text for Eikon:  ID:nCNM8YVg5y 
Further company coverage:  MCP.LS 

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