Globopar announced yesterday the formal start of capitalization involving some 135 million US dollars as the first stage of a process whereby most of the major shareholders will inject up to 200m USD over the next six months. In an official press release, Globopar said the source of the funds is disposal of personal assets held by the Marinho family, with Unibanco acting as lender and divestment advisor. The statement stressed that none of the assets belonged to Globopar or TV Globo, thus not affecting guarantees underlying the debts of Globopar and its subsidiaries or TV Globo. The Marinho family continues to sell its holdings in Globo TV network affiliates. It intends to retain at least 10% of all affiliates, including those up for sale.
Capitalization
