June 2007

Gruppo Finelco and Virgin Group, on June, 8 2007 announced plans to launch Virgin Radio Italia.

The launch of Virgin Radio Italia will follow Finelco’s acquisition of Play Radio. Finelco and Virgin intend to re-launch Play Radio as Virgin Radio and the new Virgin Radio will, from July, broadcast across Italy with unique, exciting, internationally-orientated music programming.

Sir Richard Branson, Chairman of the Virgin Group, said:

“I am delighted to announce the launch of Virgin Radio Italia. Virgin Radio has proven incredibly popular across the World and we look forward to bringing its exciting sound to Italian listeners. Alberto Hazan and Gruppo Finelco have an outstanding track record in Italian radio and I am confident that together we’ll build one of the top stations in Italy”.

Virgin Group is being advised by Eidos Partners.


 

Virgin Group (www.virgin.com) Virgin Group, a major International group is involved in air travel, trains, radio, finance, soft drinks, music, mobile phones, holidays, wines, publishing, space tourism and cosmetics. The various Virgin businesses have in common the Virgin brand, a global brand name created by Sir Richard Branson.

Finelco (www.105.net) (www.radiomontecarlo.net) is a leading Italian radio company, operating Radio Monte Carlo, Radio 105 – the leading national Italian commercial radio station and Play Radio. Finelco is controlled by Mr. Carlo Hazan and by the media group RCS.

Eidos Partners (www.eidospartners.com)is an independent investment bank focused on the design, definition and realization of mergers, acquisitions and disposals of companies, on quotations on the stock exchange and on corporate financial restructurings.  Eidos Partners’ mission is to provide the highest-quality financial and strategic advice to Italian companies and to other international companies and entities operating in Italy. Eidos Partners enjoys outstanding access to companies and investors throughout the world as a result of its relationship with the Close Brothers Group.

 


Transaction Type
Strategic Agreement

Industry
Media

 

Marco Forasassi Torresani
Partner
Tel. +39 02 8597 9264
marco.forasassi@eidospartners.com

Andrea Foti
Associate Partner
Tel. +39 02 8597 9277
andrea.foti@eidospartners.com

Luigi Cutugno
Analyst
Tel. +39 02 8597 9229
luigi.cutugno@eidospartners.com