Corrected: BRIEF-Grupo Media Capital Concludes Sale Of MCR II For 69.6 Mln Euros To Bauer Media Audio

Grupo Media Capital SGPS SA

31/05/2022 16:53

(Corrects company's name in headline)
    May 31 (Reuters) - Grupo Media Capital SGPS SA  MCP.LS :
    * ANNOUNCES CONCLUSION OF SALE OF MCR II - MEDIA CAPITAL
RÁDIOS,
S.A.
    * SALE TO BAUER MEDIA AUDIO HOLDING GMBH OF 200,000 ORDINARY
REGISTERED SHARES REPRESENTING 100% OF SHARE CAPITAL AND VOTING
RIGHTS OF MCR II - MEDIA CAPITAL RÁDIOS, SA
    * MEDIA CAPITAL RÁDIOS SA IS A WHOLLY OWNED SUBSIDIARY OF
MEGLO -
MEDIA GLOBAL SGPS SA WHICH IS WHOLLY OWNED BY MEDIA CAPITAL
    * PRICE FOR ACQUISITION OF ALL SHARES IN MCR II AMOUNTED TO
69.6
MILLION EUROS
    * TRANSACTION RESULTS IN CAPITAL GAIN IN MEDIA CAPITAL'S
CONSOLIDATED ACCOUNTS OF CLOSE TO 50.0 MILLION EUROS SUBJECT TO
ANY ADJUSTMENTS REFERRED TO ABOVE

Source text: https://bit.ly/3x5nj18
Further company coverage:  MCP.LS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))