Cofina Media, SGPS, S.A. completed the acquisition of an additional 16.67% stake in Vasp - Distribuidora de Publicações, S.A. from Impresa - Sociedade Gestora de Participações Sociais, S.A..
June 29, 2021
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Cofina Media, SGPS, S.A. reached an agreement to acquire an additional 16.67% stake in Vasp - Distribuidora de Publicações, S.A. from Impresa - Sociedade Gestora de Participações Sociais, S.A. (ENXTLS:IPR) for €1.1 million on February 12, 2021. As reported, Cofina Media will acquire 0.111 million shares in Vasp in the partial exercise of the preemptive right that Cofina Media had as a shareholder of Vasp. Following the acquisition, Cofina Media will hold 50% stake in Vasp. The closing of the transaction is subject to the completion of an accounting and financial audit by Páginas Civilizadas, Lda. and to the non-opposition to the transaction by the Competition Authority.
Cofina Media, SGPS, S.A. completed the acquisition of an additional 16.67% stake in Vasp - Distribuidora de Publicações, S.A. from Impresa - Sociedade Gestora de Participações Sociais, S.A. (ENXTLS:IPR) on June 30, 2021.
Impresa, SGPS, S.A. is Portugal's leading communications group. Net sales break down by activity as follows:
- operation of TV channels (82.2%): 8 channels operated (SIC, SIC Internacional, SIC News, SIC Radical, SIC Mulher, SIC K, SIC Caras et Txillo) at the end of 2021. The group also offers an activity of streaming exclusive content by subscription (OPTO) and operation of a sports content portal (ADVNCE);
- publishing of newspapers and magazines (12.5%): weekly newspapers Expresso, Blitz, Boa Cama Boa Mesa, Tribuna, etc.;
- other (5.3%): primarily publishing and distribution of multimedia and digital content (operating primarily through the portals Olhares and InfoPortugal).
Net sales break down primarily by source of income into sales of advertising space (65.4%), sales of TV subscriptions (16.8%) and sales of newspapers and magazines, individually or by subscription (5.4%).
Portugal accounts for 95.9% of net sales.
Cofina Media, SGPS, S.A. completed the acquisition of an additional 16.67% stake in Vasp - Distribuidora de Publicações, S.A. from Impresa - Sociedade Gestora de Participações Sociais, S.A..
IMPRESA, SGPS, S.A. 
