Iberdrola sells 51 % of Factory of Channels, branch of production of thematic channels of Average Park, to Ono, who was already controlling 49 % remainder of the society and leaves inactive Average Park

Average Park happens to be this way an inactive society and it will be assined probably to real estate activities.

Factory of Channels manages the production and distribution of the digital channels Meter Goldwyn Mayer (MGM), Showtime Extreme, Cinematk, Channel 18, Channel Nature, We are, the juvenile Buzz and directed to the public infantile Super Ñ, that there express in the cable platforms of proper Ono, Euskaltel, TeleCable and Tenaria.

Last January 28, the shareholders of Average Park approved the sale of his audio-visual park in Sant Just Desvern (Barcelona), to the audio-visual producer Mediapro, to the value of 8 million euros.

The shareholders also decided then to create a society conjuntapara to manage the business of contents (Factory of Channels) with Ono, who paid 6 million euros for a participation of 49 %, in which Average Park had 51 % remaining.

Later, Iberdrola reached an agreement with Skandia, minority shareholder of Average Park, to be done by 100 % of the society, who took as the only activity his participation in Factory of Channels, as publishes the newspaper Expansion.

Iberdrola has indicated after the sale of the audio-visual park and the creation of Factory of Channels that the creation was framing in his strategy of 'centring on the energy business of Spain.


(13-01-06)