Global Alconaba, a minority shareholder in Spanish media giant Prisa, is reportedly in discussions with Czech billionaire Daniel Kretinsky to launch a tender offer on the company’s shares, according to sources cited by El Economista. The move, if successful, could significantly influence the ownership structure of Prisa, a key player in Spain’s media landscape, particularly known for its ownership of the prestigious El Pais newspaper. Global Alconaba holds around 5.9% of Prisa, based on data from LSEG.
Daniel Kretinsky, a prominent Czech tycoon, has a diverse portfolio of investments spanning across energy, retail, sports, and media sectors throughout Europe. His wealth, estimated at approximately $9.9 billion according to Forbes, positions him as a powerful figure in the business world. Kretinsky has previously held a 49% stake in the French newspaper Le Monde between 2018 and 2023, adding to his media industry credentials. Through his company, Czech Media Invest, Kretinsky has built a considerable presence in various industries, including significant media investments. However, his company did not respond to requests for comment regarding the potential tender offer.
The discussions come as Prisa’s chairman, Joseph Oughourlian, whose Amber Capital fund holds 24.1% of Prisa’s shares, has yet to publicly comment on the situation. This potential move by Global Alconaba and Kretinsky could reshape the dynamics within Prisa, as the company faces increasing scrutiny from investors and market observers.
Prisa, which has seen changes in its ownership and leadership in recent years, remains a key player in the Spanish media market, and any significant shifts in its shareholder base would likely impact its strategic direction. While the details of the negotiations remain limited, the talks between Global Alconaba and Kretinsky mark a critical juncture for the future of Prisa, one of Spain’s most influential media groups.
READ MORE: