Brief: FC Barcelona's Barça Media To Combine With Mountain & Co. I Acquisition Corp

Mountain & Co I Acquisition

11/08/2023 11:14

Aug 11 (Reuters) - Mountain & Co I Acquisition Corp
 MCAA.O :
    * FC BARCELONA’S CONTENT CREATION PLATFORM, BARÇA MEDIA,
ENTERS
INTO BUSINESS COMBINATION AGREEMENT WITH MOUNTAIN & CO. I
ACQUISITION CORP.
    * MOUNTAIN & CO I ACQUISITION CORP - TRANSACTION VALUES
COMBINED
COMPANY AT A PRO-FORMA ENTERPRISE VALUE OF APPROXIMATELY US$1
BILLION
    * MOUNTAIN & CO I ACQUISITION CORP - BARÇA MEDIA WILL
CONTINUE TO
BE HEADED BY EXPERIENCED SPANISH MEDIA EXECUTIVE TONI CRUZ AS
CHIEF EXECUTIVE OFFICER
    * MOUNTAIN & CO I ACQUISITION - UPON CLOSING, CLASS A COMMON
STOCK
OF COMBINED COMPANY IS EXPECTED TO BE LISTED ON NASDAQ UNDER
TICKER SYMBOL "BRME"
    * MOUNTAIN & CO I ACQUISITION - AROUND 80% OF OUTSTANDING
SHARES
TO BE OWNED BY BARÇA MEDIA'S EXISTING SHAREHOLDERS
    * MOUNTAIN & CO I ACQUISITION CORP - FC BARCELONA IS
EXPECTED TO
OWN A MAJORITY OF SHARES IN BARÇA MEDIA AS A RESULT OF
TRANSACTION

Source text for Eikon:  ID:nBwbwT7Jpa 
Further company coverage:  MCAA.O 

 ((Reuters.Briefs@thomsonreuters.com;))