Spanish media group Prisa is in talks to sell over 30% of its stake in Portuguese media outfit Media Capital to investment company Ongoing Strategy, according to Portuguese press reports.
Ongoing Strategy is Portugal Telecoms fifth-biggest shareholder and the second-largest investor in Media CapitalÂs rival Impresa. According to reports, the negotiations between Ongoing and Prisa developed following Portugal TelecomÂs failed attempt to acquire the 30%.
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