Advanced Television

Roures sells Mediapro stake

November 14, 2023

From David Del Valle in Madrid

Following his dismissal as president of Spanish TV Mediapro in October, Jaume Roures has sold his 5 per cent stake in the company to Chinese Fund Orient Hontai – which now controls 85 per cent of the group.

The other shareholders are Tatxo Benet with a 5 per cent stake and the UK’s WPP with a 10 per cent stake.

The operation is valued at between €40 million and €100 million. With the move, Roures breaks all professional ties with the company after 30 years of being involved in its management.

Orient Hontai is now studying a possible sale of the company some two years after its entry with an injection of €620 million at that time.

Categories: Articles, Business, M&A

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