Overview
- Televisa reported that Eduardo Tricio Haro notified the company of acquiring shares equal to about 7.2% of its capital in compliance with Article 110 of Mexico’s securities law.
- In a clarification requested by the Mexican Stock Exchange, Televisa said it does not know the cause of recent unusual volume in TLEVISA CPO trading and identified no related insider or company transactions beyond Tricio’s.
- Shares closed down 2.09% at 9.83 pesos, marking a second straight decline following a 9.71% rebound earlier in the week.
- SinEmbargo reported the purchase makes Tricio one of Televisa’s largest shareholders, ranking fifth by stake size.
- The disclosure follows an October 23 quarterly report described as mixed and comes against a decade-long slide in Televisa’s market value from about $20 billion to roughly $1.5 billion, as cited by Whitepaper.