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CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A.B. DE C.V.

(CIE B)
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Corporación Interamericana de Entretenimiento B de C : Live Nation resumes acquisition of Mexican entertainment firm Ocesa

09/13/2021 | 08:32am EDT

MEXICO CITY, Sept 13 (Reuters) - U.S. firm Live Nation Entertainment resumed its acquisition of Mexican entertainment firm Mexican entertainment firm Ocesa, according to a statement filed with Mexico's stock exchange on Monday.

Live Nation agreed to proceed with its acquisition, which was stalled last year, of a 51% controlled interested in Ocesa, the statement said,

The acquisition includes Televisa's 40% of Ocesa and Mexican entertainment firm Corporacion Interamericana de Entretenimiento's (CIE) around 11% stake. (Reporting by Bangalore newsroom and Cassandra Garrison in Mexico City; Editing by Louise Heavens)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
CORPORACIÓN INTERAMERICANA DE ENTRETENIMIENTO, S.A.B. DE C.V. 5.23% 8.85 End-of-day quote.-4.84%
GRUPO TELEVISA, S.A.B. -3.03% 44.5 End-of-day quote.35.92%
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Financials
Sales 2020 4 128 M 204 M 204 M
Net income 2020 -1 560 M -77,2 M -77,2 M
Net Debt 2020 1 525 M 75,5 M 75,5 M
P/E ratio 2020 -3,33x
Yield 2020 -
Capitalization 4 950 M 245 M 245 M
EV / Sales 2019 0,80x
EV / Sales 2020 1,63x
Nbr of Employees 1 487
Free-Float 90,7%
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Managers and Directors
Luis Alejandro Soberón Kuri Chairman & Chief Executive Officer
Jaime José Zevada Coarasa Chief Administrative & Finance Officer
Carlos Elizondo Mayer-Serra Independent Director
Leopoldo Escobar Latapí Independent Director
Bernardo Malpica Hernández Independent Director