“The sale of Cofina Media is much more than a matter of money.” Here is how Luis Santana, one of the promoters of MBO Cofina Media, reacts to the announcement made this Thursday by Media Capital, the owner of TVI, of a binding offer of 80 million euros for 100% of Cofina, which owns brands with morning PostCMTV, Business, Recording and Saturday.
“Supporters of MBO Cofina Media, in connection with the proposal presented by Media Capital, would like to clarify that the proposal presented by management is completely friendly, supported by a strong financial structure and motivated by the goal of protecting the company’s jobs in such a relevant and already so fragile sector, as well as guaranteeing the editorial independence and freedom of expression that have always been the values of Cofina Media and CMTV publications,” emphasizes Luis Santana on behalf of the group. gathered around the MBO, which includes Cristiano Ronaldo.
For this reason, he adds, “Prosecutors also understand that because the structuring values of democracy are at stake, the issue of selling Cofina Media is much more than a matter of money.”
On the 17th, Cofina informed CMVM that it had received an offer to buy Veículo Expressão Livre, which would be directly or indirectly owned by the following investors: Luis Santana; Ana Diaz; Octavio Ribeiro; Isabelle Rodriguez; Carlos Rodriguez; Luis Ferreira; Carlos Cruz; Cristiano Ronaldo; Domingos Vieira de Matos; Paulo Fernandez; and Joao Borges de Oliveira.
Now, three days later, a binding offer comes in from Media Capital, also transmitted through CMVM.