Morgan Stanley is now the second largest shareholder in Spain’s Prisa.
Quoting the National Securities Market Commission (CNMV), El Economista reports that the 4.776% stake it holds in the company is through three subsidiaries and the result of the mandatory conversion of Class B non-voting to Class A ordinary shares in Prisa.
Morgan Stanley is now ahead of Monarch Master Funding (4.71%), BH Stores IV (3.81%), Immobiliaria Caso (3.23%) and Nicolas Berggruen (3.118%) and only behind Rucandio, representing the Polanco family, which owns 16.13% of Prisa.
Last month, Prisa agreed to sell its majority (56%) stake in the pay-TV platform Digital Plus to Telefónica for €750 million.
