Spanish media company Prisa could be forced to put its stakes in Media Capital and Telecinco on the block in order to manage its €3.5 billion debt load, according to the Financial Times.
The UK newspaper says that its TV and other assets could come into play because of pressures associated with servicing its large debt. Portuguese broadcast and production group Media Capital and Spanish free-to-air broadcaster Telecinco are both cited as assets in which Prisa might seek to sell its stake.
Prisa restructured last year when it merged with US investment company Liberty Acquisitions Holding. The deal saw Prisa receive a €650 million cash injection, but the Polanco family, which founded the company, saw its stake fall from 70% to 30%.
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24 November 2020 @ 20:00:00 UTC