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Televisa acquires remaining 41.7% stake in Cablemas

Tuesday 5 April 2011 | 09:31 CET | News
Mexican media group Televisa has agreed to acquire the 41.7 percent of cable TV company Cablemas that it does not already own. The acquisition price reaches MXN 4.7 billion. Cablemas will be merged into Televisa. As a result, around 25 million Televisa CPO shares will be issued, the company said. The agreement, in addition to the recent prepayment of USD 225 million in Cablemas senior notes, completes the cable company's recent equity and debt restructuring. Televisa has also reached agreements with Mexican banks for MXN 8.6 billion in loans with maturities ranging from five years to 10

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Categories: Fixed
Companies: Cablemas
Countries: Mexico
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