Spain: Orient Hontai (CHN) buys 54% of Imagina Group (Mediapro) and rights of LaLiga

The Chinese investment fund Orient Hontai Capital has agreed to buy a 54% stake in Imagina Group, the parent group of Mediapro. "The deal has been made. We hope to close it during the first quarter of 2018. The deal was made at a multiple of 10 times 2016 core profit (EBITDA) and values the company at €1.6bn ($1.9bn)," said Jaume Roures...