Grupo Bel buys Lusa and Vasp stakes
The Portuguese media group Impresa is expected to net €3.34 million from the sale of its stake in Lusa and Vasp to Páginas Civilizadas, a company held by Grupo Bel owned by ‘shark tank’ entrepreneur Marco Galinha.
Lusa, founded in 1986, is an online Portuguese press agency employing around 280 journalists, and Vasp, founded in 1975, is a distributer of newspapers and magazines, employing around 260 staff.
The announcement to sell and buy were made simultaneously by the Portuguese securities market regulator CMVM which revealed that “a promissory contract to buy and sell had been signed involving 476,064 shares, or 22.35% of the share capital of Lusa, for the price of €1.25 million”.
“At the same time, the other promissory contract involving Vasp was signed for the sale of 222,000 shares, each one with a nominal value of €3.50, representing 33,33% of the share capital of Vasp, for the price of €2.1 million”.
In total, Impresa will net €3.5 million from the sale of its positions in the two media-related companies to Páginas Civilizadas, a company held by the Grupo Bel, owned by Marco Galinha who is 2020 took control of Global Notícias.
Páginas Civilizadas produces newspapers, is a publicity agency and also operates computer software and programming activities. Global Notícias, based in Porto, produces newspapers and other periodicals and publications, as well as being involved in graphic industries. The media group owns Diário de Notícias, TSF and other media outlets.