President Sebastián Piñera, who took power in March, agreed on 15 May to sell his TV Station, Chilevisión, to a local investment group for $130m USD. One of Piñera’s campaign promises was that he would divest his business holdings, including Chilevisión. According to local media reports, the Clarín Group offered $10m more than the local fund, but Piñera rejected the offer to avoid political conflicts with the Argentinian government of Cristina Fernández de Kirchner, which has a tense relationship with the company.
NEWS
Chilean president sells his TV Station
President Sebastián Piñera, who took power in March, agreed on 15 May to sell his TV Station, Chilevisión, to a local investment group for $130m USD. One of Piñera’s campaign promises was that he would divest his business holdings, including Chilevisión. According to local media reports, the Clarín Group offered $10m more than the local fund, […]
By Intern
18 May 10
By Intern
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