Global Alconaba, S.L. has signed an agreement to acquire a 7.1% stake in Promotora de Informaciones, S.A. from Telefónica, S.A. for €34.1 million.
May 18, 2022
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Global Alconaba, S.L. has signed an agreement to acquire a 7.1% stake in Promotora de Informaciones, S.A. (BME:PRS) from Telefónica, S.A. (BME:TEF) for €34.1 million on May 19, 2022. As part of the transaction, Global Alconaba will acquire 50,147,058 shares of Promotora for €0.68 per share, payable in cash. Post completion, Telefónica will decrease shareholding in Promotora from 63,986,958 shares, equivalent to 9.029% stake to 13,839,900 shares, equivalent to 1.953% stake.
Promotora de Informaciones SA (PRISA) is a Spain-based company primarily engaged in the consumer publishing sector. The Companyâs activities are divided into four business segments: Education, which focuses on the sale of educational books, as well as services and materials related to the education systems under Santillana brand name; Radio, which operates radio network stations, such as Cadena Ser, Kebuena and ADN Radio, as well as organizes and manages entertainment events; Press, which includes the release and distribution of newspapers, magazines, supplements, collectible products and other periodical publications, such as El Pais, Cinco Dias and El Huffington Post, and Audiovisual, which provides cable and satellite television services intended for the production of audiovisual content, as well as production and marketing of digital content for news, entertainment and education. PRISA operates in Spain, Portugal, Chile, Colombia, Brazil and Mexico, among others.
Global Alconaba, S.L. has signed an agreement to acquire a 7.1% stake in Promotora de Informaciones, S.A. from Telefónica, S.A. for €34.1 million.
PROMOTORA DE INFORMACIONES, S.A. 
