Share

RCS leaves the radio: Finelco sold to the Hazan family. Is Fininvest back on the field too?

The publishing group has sold 45,5% of the company to the Hazan family, which already controlled 55,5% - The consideration for the transaction is 21 million euros, to which must be added the renegotiation of the bank debt of 40 million – The importance of the disbursement awaiting Hazan fuels rumors according to which Fininvest could act as financial partner

RCS leaves the radio: Finelco sold to the Hazan family. Is Fininvest back on the field too?

The family hazan, already a 55,5% shareholder, acquired 44,5% of Finelchus (Radio Montecarlo, R105 and Virgin Radio Italy) from Rcs Media Group.

The reference shareholder exercised its pre-emption right through Unibas Sgps Lda and Marina Berrino, for a consideration of 21 million euros to which a further sum of 1 million will be added, linked to the occurrence of certain conditions by 31 December 2015.

Last month, Via Solferino had decided to sell, for the same amount, the stake in Finelco to Blue Ocean, a company behind which Antonio Ricci is said to be. However, the unexpected move of the Hazan family canceled this operation.

comments