Cofina – SGPS announced on Monday to the Securities Market Commission (CMVM) that it received clarifications regarding a binding offer to acquire all shares representing Cofina Media’s share capital. At stake is a management buyout (MBO), which is next to the media group employees and other investors.
“At the request of the Portuguese Securities Market Commission and in a statement dated June 30, 2023, Cofina publishes information that it has received clarifications regarding a binding offer to acquire all shares representing the share capital of Cofina Media, SA,” the statement reads. regulator in a note published today on the website.
The potential buyer, according to a note published by CMVM, “is an automobile company called Expressão Livre, which will be directly or indirectly owned by the following investors: Luis Santana, Ana Diaz, Octavio Ribeiro, Isabel Rodriguez, Carlos Rodriguez. , Luis Ferreira, Carlos Cruz, Cristiano Ronaldo, Domingos Vieira de Matos, Paulo Fernandes and Joao Borges de Oliveira.”
“Given that some of the investors are also members of Cofina’s board of directors, Cofina will ensure that all legal regulations applicable to related party transactions are strictly observed,” the same note states.
remember that heyThe company that owns Negócios, CMTV, Correio da Manhã, Saturday, Record and other publications. announced on June 30 that it had received a binding offer under the MBO for the entire capital of Cofina Media, which values the company at 75 million euros.
Media Capital is also in the race to acquire 100% of Cofina Media, CMVM itself confirmed on June 11.
“Media Capital Group is making public that it has informed Cofina that it remains interested in acquiring 100% of the share capital of Cofina Media,” he said at the time, noting that he had made a “commitment to participate in the sale of said asset, which will be promoted by Cofina, organized by auction model or otherwise, and provided that it is guided by objective and transparent rules, after the submission of an offer that attributes to Cofina Media an enterprise value in excess of 75 million euros.” .
Author: business magazine
Source: CM Jornal
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