Grupo Bel looks to Global Media shareholding

 In Business, Companies, News

Global Media has struck a deal with Portugal’s Bel Group to become a shareholder in the company.

According to the news agency Lusa, the Bel Group will now have an interest in Global Media which owns newspapers such as Diário de Notícias (DN) and Jornal de Notícias (JN) and radio TSF among others.
Global Media Group (GMG) other shareholders include KNJ Global Holdings Ltd, with 35.25%, José Pedro Carvalho Reis Soeiro, (24.5%), Olivemedia, Unipessoal, Lda (19.25%), Novo Banco (10.5%) and Grandes Notícias (10.5%).
The group CEO of GMG is José Pedro Soeiro who took the helm at the holding after Proença de Carvalho’s term of office ended and will remain until a new board is elected.
The Bel Group is a conglomerate of different companies in various sector areas including distribution and vending, industry, automation, aeronautics and aerospace, innovation, technology and communications, green transportation, real estate, furnishings and brands.
However, food and beverage and tobacco distribution remains the core business of the group which also operates as a retailer in the vending machine segment.
The Bel Group is owned by entrepreneur Marco Galinha, famous for his appearances on TV’s Shark Tank in Portugal. From Rio Maior he is both executive president and chairman of the group he founded in 2001.
Galinha already has interests in the media business. Two years ago, in addition to becoming a shareholder in Megafin which owns Jornal Económico (10%), hew also became an active shareholder in other companies such as Active Space Technologies, Active Space Automation and Active Aerogels Ltd, dedicated to the aerospace industry.
It is not clear what percentage share the entrepreneur will have in Global Media, the number of shares to be acquired or the total value of the shares.