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.
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