Brief: Spain's Competition Watchdog Authorizes Acquisition Of Distrisur By Logista Publicaciones

Logista Integral SA

19/06/2023 08:39

June 19 (Reuters) - Spain's Competition Watchdog (CNMC):
    * AUTHORIZES SECOND-STAGE ACQUISITION OF DISTRIBUIDORA DE
PUBLICACIONES DEL SUR (DISTRISUR) BY LOGISTA PUBLICACIONES
    * LOGISTA COMMITS, AMONG OTHER THINGS, THAT COMPETITOR
BOYACÁ WILL
NOT BE PRESENT ON BOARD OF LOGISTA REGIONAL FOR 3 YEARS
    * LOGISTA REGIONAL (A SUBSIDIARY OF LOGISTA PUBLICACIONES)
WILL
ACQUIRE BOYACÁ'S STAKE IN DISTRISUR FROM BOYACÁ, WHILE BOYACÁ
WILL BECOME A MINORITY SHAREHOLDER IN DISTRISUR
    * THE OPERATION CONCERNS THE WHOLESALE DISTRIBUTION OF
PERIODICALS
AND, IN PARTICULAR, MAGAZINES

Source text: https://tinyurl.com/6835svy9  urn:newsml:reuters.com:*:nFWN32R3AY
Further company coverage:  LOG.MC 

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