Press Releases tags: Corporate

French media, telecommunications and entertainment group Vivendi has announced the acquisition of 7.6% of PRISA, the Spanish-speaking world’s leading news and education group.

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Grupo PRISA has today registered two key operations with the National Securities Market Commission (CNMV). Both are considered crucial for the Group's strategic road map. Firstly, agreements have been reached with all creditors, which see refinancing and modification of debt. Meanwhile, the sale of Santillana Spain has been formalized – to Sanoma Corporation, a Finnish media company which is active in Europe and in the education sector.

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• Béatrice de Clermont-Tonnerre, appointed Coordinating Director, will join the Executive Committee and will chair the Appointments, Remuneration and Corporate Governance Committee
• The new directors are testament to Group's priority of incorporating young talent with experience in the field of digital transformation, entrepreneurship and culture

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PRISA's Extraordinary Shareholders' Meeting, held today online in a virtual format, has endorsed the removal of Javier Monzón as Chairman of the Group.

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PRISA has today completed the process of selling 64.47% of Media Capital, thus concluding its divestment of the Portuguese audiovisual group. The operation was carried out through block transfers of shares to a number of investors at a total price of 36.8 million euros.

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January to September results, as expected, have been affected by COVID-19, especially with regard to the Group’s Media businesses. EBITDAis reported at 82 million – against 165 million for the same period last year.

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