Squirrel Media, S.A. (BME:SQRL) signed an agreement to acquire a 55% stake in Sociedad Gestora de Televisión NET TV S.A. and 100% stake in Veralia Distribución de Cine, S.A.U. from Vocento, S.A. (BME:VOC) for 18 million on November 29, 2021. The acquisitions described will be financed 49% with Squirrel Media's own funds and 51% by CaixaBank. The turnover of Sociedad Gestora de Televisión NET TV S.A.and Veralia Distribución de Cine, S.A.U. for the year ended 31st December 2020 was approximately 25.87 million.
The net profit for the year ended 31st December 2020 was 4.67 million and EBITDA was 6.1 million. The transaction is expected to close in January 2022.