Pages Civilized agreed to acquire 33.33% of Vasp - Distribuidora De PublicaCOes/22.35% of Lusa Agencia de Noticias de Portugal from Impresa - Sociedade Gestora de Participações Sociais, S.A. for €3.4 million.
January 03, 2021
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Pages Civilized agreed to acquire 33.33% of Vasp - Distribuidora De PublicaCOes/22.35% of Lusa Agencia de Noticias de Portugal from Impresa - Sociedade Gestora de Participações Sociais, S.A. (ENXTLS:IPR) for €3.4 million on January 4, 2021. Impresa sold 33.33% of Vasp – Distribuidora de Publições for 2.1 million euros and sold 22.35% of the capital of Lusa – Agência de Notícias de Portugal for 1.25 million euros. As of July 1, 2021, Pages Civilized and Cofina Media, S.A. acquired 33.33% stake in Vasp - Distribuidora De PublicaCOes. The sale of the position at Vasp is dependent on an accounting and financial audit, the non-exercise of the preemptive right by Vasp’s shareholders, Vasp’s consent and the non-opposition to the transaction by the Competition Authority.
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.
Pages Civilized agreed to acquire 33.33% of Vasp - Distribuidora De PublicaCOes/22.35% of Lusa Agencia de Noticias de Portugal from Impresa - Sociedade Gestora de Participações Sociais, S.A. for €3.4 million.
IMPRESA, SGPS, S.A. 
