Equity Analysis /
Mexico

Grupo Televisa SAB: Flash TLEVISA: Sale of OCESA goes forward

  • Televisa has reached an agreement with Live Nation Entertainment to sell its 40% stake in Ocesa for MXN 5.206 billion

  • We believe this is a positive transaction and should be well received by the market, as an uncertainty factor is closed

  • The full amount represents approximately 20% of the company's cash and could reduce the ND/EBITDA ratio to 2.5x

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
13 September 2021
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