PRISA buys 20% of the radio subsidiary held by the Godó group | Economy

PRISA, the publishing group of EL PAÍS, has closed the agreement to acquire 20% of the capital of PRISA Radio that was owned by the Godó Group for 45 million euros, according to a relevant fact sent this Tuesday to the National Securities Market Commission (CNM).

PRISA Media, a 100% subsidiary of the PRISA Group that encompasses the press and radio businesses, will pay the Godó Group 45 million euros, distributed in 30 million upon signing the agreement and the remaining 15 million to be paid in 2023.

“This operation is one more step in the consolidation of the radio and press businesses launched by the company and reinforces the group’s industrial project. In addition, it allows PRISA to simplify the structure, providing it with greater flexibility and lower costs”, the company has indicated.