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Grupo Televisa selling Imagina stake for €284M

Grupo Televisa SAB agreed to sell its 19% stake in Spanish media group Imagina for about €284 million.

The closing and total proceeds to be received are subject to the fulfillment of certain conditions and is expected to take place in the next few months, the company said Feb. 16.

As part of a review of its portfolio of assets, the company plans to dispose select noncore operations in a bid to focus its resources on its content and distribution assets.