GRUPO CLARO S.A.
Buenos Aires Stock Exchange: GCLA Meeting Date: 3/20/2014
Shareholders will be asked to ratify and approve Grupo Clarin’s divestiture and split of its media conglomerate into six separate entities. The corporate restructure seeks to comply with the Audiovisual Services Media Law issued by the Argentine Audiovisual Communications Services (AFSCA) in 2009, which limits companies to 35% of the media market. Grupo Clarin brought its qualms with the controversial Media Law to the supreme court, which upheld its constitutionality. Grupo Clarin now has six months to divest and separate its operations in order to comply.
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