The latest update is out from Promotora de Informaciones ( (ES:PRS) ).
PRISA’s Board of Directors has approved a capital increase through the issuance of new shares, aiming to raise funds for debt cancellation and refinancing. This move is part of a broader strategy to reduce the company’s financial liabilities and improve its market position by extending debt maturities and enhancing local financing capabilities in Latin America.
More about Promotora de Informaciones
Promotora de Informaciones, S.A. (PRISA) operates in the media industry, focusing on providing information and educational services. The company is known for its significant presence in Spanish-speaking markets, primarily offering products and services related to news, education, and entertainment.
YTD Price Performance: 49.35%
Average Trading Volume: 2,840
Technical Sentiment Signal: Sell
Current Market Cap: €476.2M
Learn more about PRS stock on TipRanks’ Stock Analysis page.