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

Dec. 5 (Bloomberg) -- Promotora de Informaciones SA 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