António Carvalho holds less than 2% in Media Capital after share purchase
Musician, producer and recording studio owner António Carvalho, one of the investors to whom the Spanish media group Prisa announced the sale of its shareholding stake in Portuguese media group Media Capital, now has less than a 2% share in the company that owns TVI.
A stock market regulator CMVM communiqué to the market states, “The Media Capital SGPS, S.A. group informs that on 26 November, 2020, António Carvalho informed the company of a reduction in his shareholding, communicated to the market on 17 September 2020, which is now below 2% of the company’s share capital.”
On 4 September, Prisa, which owned Media Capital via Vertix SGPS, announced the sale of all of its position (64.47%) in Media Capital which has the TV station TVI, to various investors for €36.85 million.
On 25 November, Pluris Investments, owned by pleasure boat and hotel mogul Mário Ferreira, launched a general mandatory take-over bid (PAO) on 69.78% of Media Capital, providing that that the return should never be less than 67 cents per share in line with CMVM stipulations.
However, rival media group Cofina is also launching a take-over bid. The owner of Portugal’s biggest selling tabloid newspaper Correia da Manhã launched a PAO on the total capital of Media Capital, changing its offer on 21 September 2019 with a proposed benchmark value of €0.415 per share, corresponding to a total of €35 million and considered an enterprise value of around €130 million.
By the 3 November Media Capital had shareholders that included Pluris Investments (30.22%), Triun (23%), Biz Partners (11.97%), CIN (11.20%), Zenithodyssey (10%), Fitas & Essências (3%), DoCasal Investimentos (2.5%) and NCG Banco (5.05%).
The board of Media Capital comprises Mário Ferreira as chairman and Paulo Gaspar (Luisaves) as vice-chairman.