Liberty Holdings Invests in Prisa to Capitalize It
Spanish media company Prisa sells more than 50% of its shares to U.S.-based Liberty Acquisition Holdings, the latest of a series of drastic moves to pay down its crippling debt.
In the wake of a deal reached Friday that will give Liberty Acquisition Group a 50% stake in the publisher of Spanish daily El Pais for 900 million euros. The deal is subject to regulatory approval and completion of restructuting of Prisa's debt.
Trackback from your site.