Portugal’s Securities Market Commission (CMVM) has ruled that the entrepreneur Mario Ferreira must make a bid for the 69.78% of the Media Capital group he does not already own within five days.
Portuguese publishing house Cofina has finalised its agreement to buy Media Capital from Spanish firm Prisa.
Altice has said it will not put forward any new remedies in its proposed purchase of Portugal’s Media Capital.
The Portuguese Competition Authority (Autoridade da Concorrência – AdC) has launched an investigation into the acquisition of Media Capital by Altice.
Altice has confirmed its acquiring Prisa’s 94.7 per cent stake in Media Capital.