LP Música S.A. de C.V. entered into an agreement to acquire Xerc-fm, S.a. De C.v. from Grupo Radio Centro, S.A.B. de C.V. (BMV:RCENTRO A) for approximately MXN 330 million in May 2020. The transaction was approved by Federal Telecommunications Institute on June 25, 2020. LP Música S.A. de C.V. completed the acquisition of Xerc-fm, S.a. De C.v. from Grupo Radio Centro, S.A.B. de C.V. (BMV:RCENTRO A) on August 17, 2020.