PRISA will sell 25% stake of Santillana

PRISA will sell a 25% stake of Santillana Group (100% owned by PRISA), once the preliminary agreement reached with the private equity fund DLJ South American Partners is finished. Santillana Group, leader in school books and general edition books in Spain and Latam has been valued in $1.45bn.

This operation is in line with PRISA strategic plans to incorporate capital, technology and Knowledge to the different business units. For Santillana, this agreement means the entrance of a new partner to develop complementary activities in Latam, mainly in Brazil and Mexico.

DLJ South American Partners is a private equity fund which invests in private companies in Latam mainly in Brazil, Chile and Argentina. With this preliminary agreement DLJ expands its activities in Spain, Portugal and EEUU at the same time that brings to Santillana the deep Knowledge of the Latam markets thanks to its more than 20 years of experience in this area.

Santillana Group is the publishing company leader in school books in Spain and Latam. At the same time, is the reference editorial company in general interest books. With more than 128 million books sold every year, Santillana Group is the reference in quality, innovation and service to teachers since its foundation in 1960.

Grupo PRISA is the leader multimedia group in the Spanish and Portuguese speaking countries, leader in information, education and entertainment. With a presence in 22 countries, PRISA reaches more than 50 million users through its global brands El Pais, 40 Principales, Santillana or Alfaguara.