He who wants and can pay more than 800 million euros, may Choose to hurry in a hypothetical OPA. This is estimated … Of its surroundings, “it will never leave their partners or the creditors who have trusted it,” consequently, whoever buys will have to launch an OPA by the entire company, and at least for a value equivalent to the net debt, about 815 million euros, and with a cousin for taking control. “
And after guaranteeing the control of most of the shareholders in a hurry for the next board advanced to May 14 – as this newspaper advanced – Oughourlian I would not rule out selling it right after To the highest bidder, as long as it was for its entirety, through an OPA, and not in parts as some investors would like, including the Spanish shareholders themselves, who already put their offer for their newspaper, ‘El País’ on the table, and by the radio station, ‘Cadena Ser’.
Shareholders related to Moncloa have already offered an offer they maintain: about 400 million euros, but only for their diary and for their radio station, an assessment that is approximately The current capitalization of the companywith a price of 0.36 euros the title at the close of yesterday’s session. An offer far from what would be willing to accept the French investor, which would be closer to twice that amount, in the environment of the 0.70 euros the action.
The ‘rebel’ plan would then imply, use that capital to cancel part of the company’s debt, of around 800 million euros, and that the rest of the amount would be covered with the subsequent sale of Santillana. Precisely, the sale of the publishing house, the group’s crown jewel – was one of the triggers who finally exploded the war between the president of the group with the Spanish shareholders.
As ABC advanced, for Oughourlian malvender Santillana –Considerate by the dome itself as the only asset with real and specific weight in the company -, to later invest in the new digital television driven by the Government, the end of the media group itself would have meant. In fact, the sources said at the time that the president came to say that “Malvender Santillana, is a lousy idea that would ruin the company, the title would go to zero immediately after performing the operation and the debt would shoot even more if possible.”
Now, the sources assure that the priority of the president of Hurry and ‘El País’ goes through continue leading group managementmaintain your financial health and make it the leader powerful of the progesistic values of this country, depolitizing it, being oblivious to the pressures of the Government of Pedro Sánchez.
Vivendi and La Paz Share
Meanwhile, in the face of the Board in which the president of Hurry intends to achieve support for its management and its most immediate future plans For the whole group, according to knowledgeable sources of the relations between Oughourlian and the rest of the company’s share capital, La Paz share among the owner of Amber –farog Participation – arrived thanks to the mediation of the company Gala Vivendi – with about 11% -. While the Polanco family has also less than the 7.6% they had before amplication.
The sources explain that the French group asked both parties for the need to reach a non -aggression pact – in fact, Global Alconab Your financial situation does not deteriorate more And, in addition, that the company’s corporate reputation was seriously touched before investors and competitors.
