The government will even move towards buying Global Media’s (GM, owner of JN, DN and TSF) stake in news agency Lusa. Despite this, I contacted him CMThe President of the Republic, Marcelo Rebelo de Sousa, said he “knows nothing” about the deal.
The SDP leadership was informed by the executive that the purchase would be completed shortly, and the Social Democrats opposed this decision because they realized that this government, which was resigning, did not have the conditions to carry out this kind of operation. The news was announced this Wednesday by the Observador magazine and confirmed CM.
We recall that on Tuesday Marco Galinha, the GM chairman in charge of negotiations with the state, told Lusa that negotiations were “in full swing” and that the deal must be concluded before the dissolution of the company by the Assembly of the Republic.
The value of this deal is not yet known, but it is almost certain that a portion of the proceeds from the sale equivalent to GM’s percentage will go to the company that owns JN, DN and TSF. The state currently owns 50.15% of Lusa, Global Media has 23.36%, and Páginas Civilizados has 22.35%. The Swiss fund Union Capital Group (UCAP Group) controls the majority (51%) of the capital of Páginas Civilizados, which owns 41.5% of Global Media.
Author: morning Post
Source: CM Jornal
I am Michael Melvin, an experienced news writer with a passion for uncovering stories and bringing them to the public. I have been working in the news industry for over five years now, and my work has been published on multiple websites. As an author at 24 News Reporters, I cover world section of current events stories that are both informative and captivating to read.