RTL divests Portugal TV stake

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COLOGNE, Germany -- RTL Group has sold its 33% stake in Portugal's leading television company, Grupo Media Capital, to Spanish media giant Grupo Prisa for €206 million ($267 million), RTL announced Friday.

The deal is part of a voluntary public takeover bid by Madrid-based Grupo Prisa of the Portuguese company, which controls TVI, one of the territory's leading commercial channels.

Grupo Prisa is Spain's leading media company, with assets that include the country's top newspaper, El Pais, some 420 radio stations and a stake in pay-TV platform Sogecable.
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