04 October 2004, Luxembourg
RTL Group today announces the acquisition of a strategic shareholding of 11.6% in the share capital of Grupo Media Capital, a leading Portuguese media company. The shareholding was sold to RTL Group by Hicks Muse Tate & Furst (“HMTF”), a leading global private investment firm.
Grupo Media Capital is the leading television broadcaster in Portugal, measured by both prime-time audience share and net advertising revenue. It is a significant player in the Portuguese advertising market through its positions in television, radio, outdoor and internet and magazine publishing. Grupo Media Capital was listed on the Lisbon Stock Exchange in March 2004 and at close of business on 1 October 2004 had a market capitalization of EUR 372m.
The acquisition is not subject to any conditions. UBS acted as sole financial adviser to RTL Group on this transaction.
Gerhard Zeiler, CEO of RTL Group, said, "We are delighted to be taking a strategic holding in Grupo Media Capital. This acquisition demonstrates our further commitment to developing RTL Group’s pan-European footprint. Portugal is an exciting media and advertising market and we look forward to working with the Grupo Media Capital management team and all other shareholders."
About RTL Group
RTL Group is Europe's leading commercial broadcaster, with interests in 26 television channels and 24 radio stations in nine countries and content production throughout the world. Its television portfolio includes RTL Television in Germany, M6 in France, five in the UK and the RTL channels in the Netherlands, Belgium, Luxembourg, Croatia and Hungary, as well as Antena 3 in Spain. RTL Group’s flagship radio station is RTL in France. RTL Group also has interests in other radio stations in France, Germany, Belgium, the Netherlands and Luxembourg. RTL Group's content production arm, FremantleMedia, is one of the largest international producers outside the US. It is currently producing more than 260 programmes in over 40 countries including the USA, providing a wide range of drama, entertainment and factual programming for viewers around the world.
About Grupo Media Capital
Grupo Media Capital is a leading Portuguese media company. It is involved in television, through the free to air broadcaster tvi, radio, via four stations, outdoor advertising and internet and publishing activities.