Spain’s Prisa Group “Gets a Hand from a Homeless Billionaire”​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

In Spanish World Book News by Emily Williams

By Emily Williams

We’ve written before ​about the financial troubles plaguing the Prisa Group, owner of Santillana, one of Spain’s largest publishers.  ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​The Economist, in its colorful way, now reports that the group has traded a big chunk of its family ownership in return for a lifeline investment from Liberty Acquisitions, an investment group whose sponsors include Nicolas Berggruen, “an art collector’s son and investor who is often described as a ‘homeless billionaire’ for living out of luxury hotels”.

About the Author

Emily Williams

Emily Williams as Manager of International Digital Content at Barnes & Before that, she worked as digital content producer for Publishers Marketplace, contributor to Digital Book World and Publishing Perspectives, and also held a senior scout position with Maria B. Campbell & Associates.