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China's Orient Hontai snaps up Mediapro majority stake for €900M

Chinese private equity firm Orient Hontai Capital will begin to take control of Mediapro after acquiring a 53.3% stake in the company for about €900 million, Advanced Television reported Feb. 14.

The stakes have been acquired from private equity firm Torreal, Televisa and one of the founders Gerard Romy. The parties own 23%, 19% and 12% stakes in the Spanish broadcasters, respectively.

Mediapro Chairman Jaume Roures will remain at the company, with founding partner Tatxo Benet.

Deal completion was announced late in 2017.