The president and maximum shareholder of Prisa, Joseph Oughourlian, has emerged 1.36% in the capital of Mediaset España in full takeover bid (OPA) launched by Media For Europe, Silvio Berlusconi’s media parent company.
The former president of Telefónica sells the Zaragoza to US investors and the largest shareholder of Prisa
Oughourlian has combined the directly controlled shares with 1.08% that he has taken with the fund directed by Amber Global to land in the capital of the media company, according to the notification sent to the National Securities Market Commission (CNMV).
The package is made up of 4.264 million shares that at market price are valued at 16.4 million euros. Likewise, according to the Media For Europe (MFE) takeover bid, of 4.32 euros and nine A shares of the offeror for every two titles, the president of Prisa could receive 9.2 million euros and 19.9 million titles of the European group in case of agreement.
The offer has a maximum acceptance period of July 1 and the board of directors has recommended acceptance of the offer. Mediaset España shares have risen 2.4% to 3.84 euros per share on Monday.
This move by Oughourlian comes just a few days after a stake in Indra’s capital also surfaced, with 4.18%.