PRISA forges ahead with its sale of Santillana

The company’s board unanimously agreed to enter a second phase in the sale. 

The sale of Santillana, announced by PRISA on November 16, 2016, has entered a second phase after the unanimous agreement adopted at the most recent Board of Directors’ meeting. Binding offers are expected in the coming weeks.

A spokesman for the Group stressed that no other assets were up for sale, quashing fake news published by a number of digital media about possible divestitures in Radio Caracol in Colombia and in Media Capital in Portugal.

The same spokesman said that the false rumors may have been spread in a deliberate effort to  thwart the company's plans.

Santillana is the leading education company in Latin America, with a successful track record of more than five decades. Known for its constant innovation, in 2016 it reported record results, a trend that has continued so far this year.