PRISA has reached an agreement to acquire the 20% of the capital of the Radio division currently held by Grupo Godó. PRISA Media, a wholly-owned subsidiary of Grupo PRISA that encompasses the press and radio businesses, will pay a total of 45 million euros – 30 million at the signing of the agreement and the remaining 15 million to be paid in 2023.
This operation is yet another step forward in the consolidation of the radio and press businesses, launched by the company last year, and is testament to the Group's continued commitment to this industrial project. In addition, the move allows PRISA to simplify the structure of the division, endowing it with greater flexibility and lower costs.
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