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Wednesday, December 26, 2007
Prisa, Godo agree to sell Union Radio stake to 3i for 225 mln eur

MADRID (Thomson Financial) - Promotora de Informaciones SA said it and Grupo Godo de Comunicacion SA have signed a preliminary agreement to sell part of their stake in Union Radio to 3i Group PLC for 225 mln eur.

In a statement, Prisa also said that it is studying a Union Radio initial public offering in Spain or in the US, possibly in the first four months of 2008.

With the sale, 3i will hold about 16.2 pct, while Prisa will hold over 66 pct of the Catalan radio group.

The deal is partly to finance Union Radio's expansion plan, Prisa said. ccs/ped/rw (leer más...)

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Posted at 04:52 pm by era-ser


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