08:53 MILAN (AFX) – Mediaset and ‘it allied with the Hazan family, which controls and manages the group Finelco (Rmc, Radio 105 and Virgin) to develop activities’ radio. It is, writes MF, a pole 8 million listeners a day, but with a strong bank debt (amounting to 34 million euro, compared with a net worth of 36 million) that forced the family and the Hazan ‘ now former partner RCS MediaGroup (which, yielding the participation of 44.45% ally, has now grossed 21 million and incamerera ‘another million euro by year-end) to seek new agreements with the banks after they skipped some debt covenants. The plans outlined by the brothers Alberto and Edoardo Hazan after failure to comply with debt covenants there ‘s also “an analysis of feasibility’ listing of the group on the market Aim”, as stated in a confidential document that MF had access . It should be emphasized that for the possible IPO will be ‘subject to agreement of Mediaset. “At the same time and ‘was given a mandate to an advisor for the renegotiation with the lenders of contracts outstanding loans.” For its part, Mediaset has put into the pot of 19 million euro to enter the capital of the new company Rb1, holding born in early September after the contribution of the investment (32.53%) holding in the Portuguese Unibas Hazan (whose value and ‘estimated by experts in 27,840,000, for an implied valuation of 100% of Finelco of 85.5 million). The agreement between the parties provides that Mediaset go 19% of the voting rights and 50% of the shares without voting rights of the same Rb1, which in turn holds 92.8% of the radio group. But the agreement provides that the Alfa can further increase partecipzione in Newco. red / cas (end) AFX NEWS 1608: 52 September 2015
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