Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) confirmed it had received an expression of interest from BAUER Aktiengesellschaft (XTRA:B5A) Bauer group in acquiring its radio business but that “no binding offers have yet been made” and so it was “premature” to state that “an agreement will be reached.” In a statement sent to Portugal's securities markets regulator, the CMVM company said, “The Media Capital group confirms that it has received an expression of interest in relation to its radio business from Bauer, a major European radio operator,” . “However, no binding offers have been made and it is premature to say at this point that any agreement will be reached, the production of which would always depend, in fact, on regulatory authorisations,” it said, referring specifically to Portugal's media regulator, ERC.