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Spain's Prisa to sell 25 pct of Santillana

Source: Reuters - Mon 28th Sep 2009

Spanish media group Prisa said on Monday that it had reached a deal in principle to sell 25 percent of Grupo Santillana de Ediciones to DLJ South American partners.

The deal values Santillana at $1.45 billion, Prisa said.

Prisa shares were up 3.26 percent at 3.65 euros shortly after the announcement.

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