Swiss-based Ringier Sports Media Group and Vicontrol announced on Tuesday that they had reached an agreement to buy the historic sports newspaper A Bola and the magazine AutoFoco.
“The Swiss-headquartered Ringier Sports Media Group (RSMG) and Vicontrol SGPS SA have reached an agreement to acquire A Bola (newspaper, digital TV and television) and AutoFoco magazine,” the companies said in a statement. will be completed in the next few weeks.
“Both parties have agreed to keep the cost of sales and valuations of the acquired companies confidential,” they point out.
According to the note, RSMG “unites the leaders of the national sports media market with global technology solutions.”
“With eight or more brands joining RSMG, more than 30 million sports fans from Central Europe to West Africa access it every month,” it said in a statement.
RSMG was founded in the summer of 2022 as a subsidiary of the Swiss media and technology company Ringier AG.
Ringier AG is a Swiss media and technology company with approximately 140 companies in 19 countries operating a range of media brands, digital platforms and markets.
Nearly 80% of Ringier’s operating income comes from the digital business, according to the disclosures.
Bola is owned by Sociedade Vicra Desportiva, 90.2% controlled by Vicontrol SGPS (a company owned by Mario Jorge de Melo Arga y Lima, who is chairman of the board), according to information available on the regulator’s transparency portal. for social communication (ERC).
In 2021, Sociedade Vicra Desportiva’s liability was €14.6 million. In the same year, the company recorded a revenue of 8.7 million euros and a net result of 356.7 thousand euros.
Author: Portuguese
Source: CM Jornal
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