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Spain's Prisa to make rights issue worth 64 mln euros

Reuters

MADRID, Nov 15 (Reuters) - Spanish media group Prisa said on Saturday it will make a rights issue worth 64 million euros ($69 million), to be fully subscribed by International Media Group.

International Media Group will acquire 6.4 million shares and will be designated two places on the Prisa board, the company said in a statement to the market regulator.

The issuance substitutes a 75-million-euro placement to the same company announced in February. ($1 = 0.9285 euros) (Reporting by Emma Pinedo; Writing by Paul Day)