RTL Group to tender all of its shares in Grupo Media Capital to Grupo Prisa
Luxembourg, 2 February 2007 - RTL Group announced today that it has decided to tender its entire current shareholding in the Portuguese media company Grupo Media Capital to Grupo Prisa. In October 2006, Madrid-based media company Grupo Prisa announced a voluntary public takeover bid for 100 per cent of the share capital of Grupo Media Capital at a price per share of EUR 7.40. The bid was registered by the Portuguese stock market regulator on 22 January 2007. Selling its shareholding, RTL Group will generate cash proceeds of over
EUR 206 million.
RTL Group acquired its shareholding over the last two-and-a-half years at an average price of less than EUR 5.80 per share. The total cash investment made was approximately EUR 161 million.
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