Panamanian Nation newspaper group sold
Nation Group sold two Panamanian businessmen its shareholding in the financial weekly Capital, which circulates in the southern neighbor.
The transaction, which closed on Jan. 27, was confirmed by George Robert, Nation Group’s corporate spokesman. He did not detail the amount of the transaction.
Nation-Group through a subsidiary, owned the 88.05% share of the weekly. The remaining 19.95% is owned by the newspaper La Prensa. Costa Rica
“The company decided some years ago as part of its strategic vision to focus its operations in Costa Rica,” said Robert, yesterday afternoon.
He added that the group-owner of The Nation, has been in the process of selling its stake in several regional companies: the Twenty-First Century Journal of Guatemala, Nicaragua and now Payca in capital in Panama.
New hands. The new owners of the weekly Panamanian are Octavio del Moral and Jose Barrios. The first works as a lawyer and the second is the Deputy Administrator of the Panama Canal Authority (ACP).
Asked about the acquisition of Del Moral announced that the weekly will not change its editorial line.
“It will remain an independent and specialized in economics and finance, as it has done so far,” he said by telephone from Panama City.
He said that this premise will be evident in the pages of the newspaper with the guarantee, he said, that both partners have no “political color”.
“Now that the media is completely in Panamanian hands will allow further development of new products,” he said, without elaborating.
Capital was born about 12 years and currently has a staff of 30 people. Besides the newspaper, is online capital.com.pa website.
Costa Rican Colon Converter
