Saturday, December 4

Vivendi asks the Government for permission to increase its stake in Prisa to 29.9%

The French group Vivendi has asked the Government for permission to increase its stake in Grupo Prisa from the current 9.936% to 29.9%, up to the limit that would force it to launch a takeover bid (takeover bid) for 100% of the group, owner of El País or Cadena Ser, among other media. This was just communicated this Monday by Prisa to the National Securities Market Commission (CNMV).

“Today the Company has received a letter from its shareholder Vivendi” in which it is communicated that, by virtue of the foreign investment control regime launched by the Government last year as a result of the coronavirus crisis, “On October 21, 2021, Vivendi has submitted to the General Sub-Directorate of Foreign Investments of the Ministry of Industry, Trade and Tourism, a request to obtain authorization from the Council of Ministers to acquire representative shares of PRISA of up to 29 , 9% of its share capital “.

“Vivendi has also stated that, at present, it is not in negotiations or conversations with any PRISA shareholder for the acquisition of said shares.” The French group entered the capital of the publisher of El País last January, with the initial acquisition of 7.6%, after taking the participation of the British bank HSBC. The entry of the French entertainment and telecommunications giant into the Spanish media group consolidated Amber Capital’s position in its fight for control of the company against Santander bank.



www.eldiario.es