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Prisa shareholders approve Liberty Acquisitions operation

Monday 29 November 2010 | 10:55 CET | News
Spanish media group Prisa's shareholders have approved a EUR 650 million capital increase by US investment company Liberty Acquisitions Holdings a few days after Liberty's shareholders approved the operation. The move will see Liberty's investors become shareholders in Prisa, whose shares will now trade on the New York Stock Exchange, and will reduce its debt to around EUR 4.8 billion. The deal will see Prisa acquire 100 percent of Liberty before dissolving it. Prisa shareholders as of 23 November will be able to subscribe to 1.1 new ordinary shares for every share they hold at a price of EUR

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Categories: Broadcast & Satellite
Companies: Liberty / Prisa
Countries: Spain
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