Regulator approves Prisa Sogecable takeover
By Julian Clover
March 26, 2008 13.05 UK
Spanish stock market regulator CNMV has approved the takeover of Sogecable by media house Prisa.
Last December Prisa launched an all cash bid for the 53% of the company it did not already own, putting a price on the company of €28 per share.
Sogecable operates the Digital+ DTH platform and the free-to-air channel Cuatro.
Prisa currently holds 50.07 of Prisa following last month’s purchase of 2.95% from Corte Ingles’ Eventos SA.
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