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Cofina confirms purchase proposal that values the media group at 75 million euros

Summary by Publico
The media group that owns Correio da Manhã, Record and Jornal de Negócios received a purchase offer from staff and external investors, including Cristiano Ronaldo.
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The media group that owns Correio da Manhã, Record and Jornal de Negócios received a purchase offer from staff and external investors, including Cristiano Ronaldo.

·Portugal
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Cofina clarifies that it received, on Tuesday and Wednesday of this week, a binding offer and a revised binding offer, respectively, for the acquisition of all the shares representing Cofina Media's share capital, with a price calculated considering an 'Enterprise Value' of 75 million euros, subject to conditions and adjustments. The offer is signed by Cofina Media administrators Ana Dias and Luís Santama, and by former Correio da Manhã director…

·Portugal
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Cofina SGPS confirmed to the market that it had received a takeover offer from the owner of Correio da Manhã. The group asked potential buyers, including Cristiano Ronaldo, for two months to make a decision

·Portugal
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Company confirms ongoing Management Buy Out, which could lead Cristiano Ronaldo to join the shareholder structure

Cofina reported this Friday night that the proposal received has an “enterprise value” of 75 million euros.

·Porto, Portugal
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Jornal de Negócios broke the news in Porto, Portugal on Friday, June 30, 2023.
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