Bibliographic Details
| Title: |
Prisa Steps Up Effort To Ease Debt Burden. |
| Authors: |
Sinclair, Jason |
| Source: |
Wall Street Journal - Eastern Edition. 9/28/2009, Vol. 254 Issue 75, pB4. 0p. 1 Graph. |
| Subjects: |
Corporate divestiture, Promotora de Informaciones SA, Debt management, Cash flow, Sale of business enterprises, Media Capital (Company), Grupo Santillana De Ediciones SL |
| Geographic Terms: |
Spain |
| Abstract: |
The article reports on the increased efforts of Promotora de Informaciones SA (Prisa) in Spain to issue assets and draw investors in order to reduce its debt and generate cash flow in 2009. Prisa chief executive Juan Luis Cebrián said that the company's focus lies on the process of attaining reasonable debt levels by means of partial divestments. He also cited the intention of the firm to offer its minority stakes in Media Capital or its publishing division called Santillana. |
| Database: |
Newspaper Source Plus |
