Newen Distribution completed the acquisition of from Vocento, S.A..
April 29, 2021
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Newen Distribution agreed to acquire 45% stake in iZen Group from Vocento, S.A. (BME:VOC) for €10.6 million on April 27, 2021. Elena Úbeda and Noemí Blázquez of Uría Menéndez Abogados, S.L.P. acted as legal advisor to NeweN Distribution.
Newen Distribution completed the acquisition of from Vocento, S.A. (BME:VOC) in April 2021.
Vocento SA is a Spain-based company engaged in the multimedia industry. The Company publishes, distributes and sells unit publications, periodic and non-periodic, about general information, culture, sports, arts and other related topics. It operates through four segments: Print Media, which provides printing and distribution services; Audiovisual, which is responsible for the broadcasting of television channels in the Spanish Digital Terrestrial Television (DTT) and one radio station, as well as the operation of five audiovisual production entities BocaBoca Producciones, Europroducciones, Hill Valley, Videomedia and Tripictures; Internet, which hosts with the coverage of news and events, as well as specific applications for smartphones and tablet computers; and Other Businesses, which is active in the printing, distribution and free press sectors. It operates through Foro de Debate.