The Social Communications Regulatory Authority’s regulatory board confirmed the World Opportunity Fund’s lack of transparency at a meeting held on Tuesday.
According to the statement, at stake is the ownership of 51% of the share capital of Páginas Civilizados, owned by WOF, which thus holds an indirect share of 25.628% in Global Media, the group that owns the Jornal de Notícias, Diário de Notícias. , from TSF, O Jogo, Dinheiro Vivo and others.
“The declaration of lack of transparency affects solely and exclusively the World Opportunity Fund’s participation in Páginas Civilizados and therefore the indirect participation it has in the Global Media Group, without affecting the participation of other holders,” they explain in a note.
The regulatory board says it will not limit World Opportunity Fund’s participation, provided that “subject to sufficient evidence from the ERC, the identified lack of transparency will be unequivocally corrected,” the note said.
According to the statement, the consequences will remain in effect until “the lack of transparency is fully corrected by the current owner or his successor at ERC.”
Author: morning Post
Source: CM Jornal
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