Portugal’s Competition Authority (AdC) has approved the take-over of a 69.78% stake in Media Capital by Mario Ferriera’s Pluris Investments.
Quoting the regulator, Diario de Noticias reports that the acquisition will not create significant barriers to competition.
Diario de Noticias also reports that the regulators ERC and ANACOM have also given a positive opinion about the take-over.
As previously reported by Broadband TV News, last November Portugal’s Securities Market Commission (CMVM) ruled that Mario Ferreira had make a bid for the 69.78% of the Media Capital group he does not already own within five days.
Ferreira acquired a 30.22% stake in Media Capital in May when his company Pluris Investments signed an agreement with Prisa’s Portuguese subsidiary Vertix
Media Capital’s interests include TVI, one of Portugal’s leading commercial broadcasters.
The final cost of the 69.78% stake has yet to be determined but will be at least €0.67 per share.
