The CMVM raised the suspension of the negotiation of Impresa’s actions, after two communications were released on negotiations with the Italian group MFE to buy any relevant position in the owner of SIC.
A It informs, this Monday in its ‘website’, that the regulator’s board of directors “determined the survey of the suspension of negotiation of the SGPS Actions, considering that the suspension has fulfilled its purpose of absorption of information by the market.”
On Sunday, September 28, at the end of the day, the Press released a second clarification, at the request of the CMVM, in which it states that, “according to information provided by its majority shareholder, in the context of public negotiations with the MFE group, the possibility of the acquisition of a relevant participation (direct or indirect) is not removed for the purposes of control, reiterating that, on this date, there is no binding agreement for effect “.
The first clarification took place at 00:59 of 27 September, where in the face of news that had been released during the end of Friday, Impresa reported that “it was communicated by its majority shareholder that it is exclusively developing contacts with the MFE group for the evaluation of potential corporate operations for the acquisition of a relevant participation in the impression”.
At the time, the owner of SIC stressed that it did not exist, “on this date, any binding agreement between the shareholder and the MFE for the purpose.”
The news of the negotiations had been advanced by the Italian newspaper Il Messaggero, in the middle of Friday afternoon, in an article with the title “MFE Relane to expansion, ‘defrosting’ the Portuguese Dossier of Impresa SGPS ‘ [MFE rilancia l’espansione scongelando il dossier portoghese di Impresa SGPS’, na versão original].
However, at the beginning of the market session, CMVM suspended Impresa’s actions to allow the market to absorb this information.
O Italian Group MFE-MediaForeurope, formerly MediaSet, is controlled by the Finiivest Group, from the family of former Prime Minister Silvio Berlusconi.
Recently, The company concluded the purchase of the German group Prosiebensat1 – from which it has acquired 76.5% through the OPA (Public Acquisition Offer) and is now with with Portugal.
According to the news of Il Messaggero on Friday, at the meeting of the Board of Directors of MFE, two days earlier, in Cologno Monze, which “approved the semiannual report, the CFO [administrador financeiro] Marco Giordani informed (…) about the recovery of negotiations with Impresso “.
According to the same title, Negotiations between the two companies “started in the 2024 version”, just as Il Messaggero had revealed “on July 18 of this year”read in the article.
“It is worth remembering that this dossier had already been analyzed by MediaSet in spring of 2019, during conflicts with Vivendi,” recalls the Italian newspaper, noting that the impression “has a market value of 43 million euros on the Lisbon Stock Exchange.”
According to the title, at the table are some points, including the MFE group to decide whether to buy the print SGPS group in full or just a few assets, such as SIC, adding that “the conclusion of the business is expected by the end of the year.” He also adds that “the price will not be high, but should include an eventual OPA”.
