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Cristiano Ronaldo becomes the controlling shareholder of Cofina

The formal offer has not yet been presented to the current shareholders of Cofina, but is in the final stages of completion. echo and Jornal Economico this Friday.

According to the newspaper, citing a source close to the talks, Cristiano Ronaldo will be the controlling shareholder in the Cofina group, which owns CMTV, Correio da Manhã and Jornal de Negócios among others, as part of a management buyout. Out (MBO), run by Luis Santana, current manager of Cofina, former director of Correio da Manhã Octavio Ribeiro and current financial administrator Ana Diaz.

According to the same source, there is already an agreement with the football player and the businessman, but nothing is known about the terms of the agreement in detail.

The value of the deal should be around 70 million euros, the benchmark value of the deal that was on the table with Media Capital.

Author: business magazine
Source: CM Jornal

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