Prisa Increases Stake in V-Me to 17% through Bolivian Asset Exchange

According to Spanish financial daily 5 Dias (owned by Grupo Prisa), Prisa has increased its stake in Hispanic TV network  V-Me by 5% through an asset exchange with Carlos Gil, a Venezuelan banker and entrepreneur who leads industrial group Grupo Corimon.

Prisa has exchanged its stake in Bolivian newspaper La Razon for a 5% state that companies associated with Carlos Gil hold in V-Me. Bolivian newspaper El Dia adds that Carlos Gil also has interests in Bolivian television network ATB, where Prisa also has a significant  stake. During the last few years Prisa has had the policy of divesting from its Bolivian media assets. The Spanish media company also sold Bolivian newspaper El Nuevo Dia to a local entrepreneur in 2007.

Both ATB and La Razon, as well as other digital and print media assets (e.g. El Nuevo Dia from Santa Cruz), were owned by the Bolivian family Garafulic. The Garafulics sold a majority interest to Grupo Prisa in 2000.

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