Chinese private equity group Orient Hontai Capital has agreed to buy a 53.5% stake in Spanish media firm Imagina Media Audiovisual, valuing the target company at an enterprise value of EUR1.9 billion (US$2.34 billion). Barcelona-based Imagina focuses on audiovisual content production and distribution, primarily in Europe. Orient Hontai bought the combined stake from Mexican multimedia company Televisa, Spanish private equity firm Torreal and Italian broadcasting company Mediavideo. The remaining shareholders, the WPP Group, with 22%, and two of the Group’s …

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