Prisa Says It Didn’t Sell Caracol Radio to Colombia’s Sarmiento

Promotora de Informaciones SA (PRS) hasn’t sold Colombia’s Caracol Radio, the company’s head of investor relations Pilar Gil said in response to an e-mailed question.

Former Colombian Vice President Francisco Santos said in a telephone interview yesterday that Prisa sold the broadcaster to Luis Carlos Sarmiento Angulo, Colombia’s richest man. Santos, a former news director for RCN Radio, declined to say how he obtained the information.

Sarmiento Angulo, chairman of Grupo Aval Acciones y Valores SA, is the world’s 43rd richest individual with a fortune of $16.6 billion, according to the Bloomberg Billionaires Index. Earlier this year, Sarmiento bought a 55 percent stake in Colombian media group Casa Editorial El Tiempo SA to increase his stake in El Tiempo to 88.4 percent.

To contact the reporter on this story: Christine Jenkins in Bogota at cjenkins28@bloomberg.net

To contact the editor responsible for this story: Philip Sanders at psanders@bloomberg.net

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