MEO - Serviços de Comunicações e Multimédia, S.A. cancelled the takeover offer for 5.3% stake in Grupo Media Capital, SGPS, S.A..
July 19, 2018
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MEO - Serviços de Comunicações e Multimédia, S.A. announced a mandatory takeover offer for 5.3% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) for €11.5 million on July 14, 2017. The tender offer is launched for 4.5 million shares of Grupo Media Capital at €2.5546 per share. Following the consummation of the mandatory takeover offer, Altice, parent of Grupo Media Capital, intends to delist Media Capital from Euronext Lisbon. The tender offer was launched on August 3, 2017.
MEO - Serviços de Comunicações e Multimédia, S.A. cancelled the takeover offer for 5.3% stake in Grupo Media Capital, SGPS, S.A. (ENXTLS:MCP) on July 20, 2018. The Portuguese Securities Commission (CMVM) cancelled the acquisition.
Grupo Média Capital, SGPS, S.A. is one the leading Portuguese media groups. Net sales (excluding businesses in the process of being sold) break down by activity as follows:
- operation of a TV channel (56.5%): operation of the general-interest TVI channel;
- production of televised programs (16.7%; NBP; No. 1 in Portugal): series, soap operas and movies;
- other (26.8%): operation of Internet portals, publishing of music CDs and DVDs, event organization, distribution of films in theaters, DVD distribution, sales of audiovisual rights, etc.
Net sales (excluding businesses in the process of being sold) break down by source of income between sales of advertising space (53.9%), and other (46.1%).
GRUPO MÉDIA CAPITAL, SGPS, S.A. 
