Globo makes agreement to buy stake in Eletromidia – 03/06/2023 – Market

Eletromidia reported this Monday (6th) that the Globo group reached an agreement to buy a stake in the company that broadcasts media through electronic billboards, according to a material fact.

The agreement involves the sale by the Vesuvius LBO fund, which owns 55.32% of Eletromidia according to B3 data, and by shareholder Alexandre Guerrero Martins, of 12 million shares, representing 8.57% of the company’s capital. The value of the transaction was not informed.

The deal includes as a condition the “acquisition by the buyer of at least 8,997,563 shares of the company through operations on the stock exchange” up to 30 days after the signing of the contract and the approval of the deal by Cade (Administrative Council for Defense economic).

The agreement also provides for the establishment of a new shareholders’ term in which the Globo group may appoint a member to the board of directors, “as long as it holds a minimum stake in the company of 15% to 18% of its share capital and minority protection rights “.