The Spanish group Squirrel has taken a new step in its international expansion strategy in Latin America. The company has acquired an additional 34.25 percent stake in the Chilean distributor BF, raising its total control over the company from 51.05 percent to 85.3 percent.
The operation, the financial terms of which have not been disclosed, consolidates Squirrel's position as the majority shareholder of BF and reflects the group's interest in strengthening its presence in the Latin American audiovisual sector, a region the company considers key to its future growth.
What is BF and its role in the audiovisual market
BF is a film and audiovisual distributor originating in Chile that also operates in other Latin American markets. Its activity focuses on content distribution, a field in which Squirrel has been gaining weight in recent years through various acquisitions and shareholdings.
With this increase in participation, Squirrel now has almost total control over BF's strategic decisions, which will allow it to coordinate its activity more directly with the rest of the group's businesses in the region.
Why Squirrel is betting on Latin America
The company has pointed out that Latin America constitutes one of the main pillars of its international expansion strategy. Squirrel has indicated that it plans to continue allocating resources and investments to this region with the goal of expanding its geographical presence.
Among the objectives set by the group are increasing its commercial coverage and strengthening its capabilities for the distribution and commercialization of content in the region's main markets.
The corporate structure of Squirrel
Squirrel is a conglomerate that brings together companies from different sectors related to communication and entertainment. In the advertising area, it brings together brands such as IKI Group, Best Option Media, Green Shark, Ranna comunicación, NF Media, AdsPlanning, and Squirrel Global Media.
In the content segment, there are companies such as Vértice Cine, BF Distribution, Comercial TV, Tactic Audiovisual, and DMD Media. Meanwhile, in communication, the group integrates channels and brands such as NET TV, BOM Cine, Squirrel TV, Nautical Channel, Horse TV, Class TV Moda, BOM Radio, and CanalDeporte.
Finally, in the area of technological and telecommunications services, known as TMT Services, Squirrel has companies such as M3 Satcom, The Hook, Pretopay, Tipsterpage, and Itesa.
What this move means for the sector
The increase in the stake in BF comes in a context where European audiovisual groups are seeking to consolidate alliances and acquisitions in Latin American markets, where demand for content and film distribution continues to evolve.
For Squirrel, this operation means strengthening its operational control over a key piece of its regional strategy, although it has not yet been specified whether the group plans further acquisitions in the short term within Latin America.
Frequently asked questions
What percentage of BF does Squirrel control now?
Squirrel has raised its stake in BF to 85.3 percent of the share capital, after acquiring an additional 34.25 percent.
How much did Squirrel control before this operation?
Before this acquisition, Squirrel held 51.05 percent of BF's share capital.
Has the amount of the operation been revealed?
No. The financial details of the transaction have not been disclosed by the parties involved.
What does the distributor BF do?
BF is a film and audiovisual content distributor of Chilean origin, with activity also in other Latin American markets.
Why is Squirrel betting on Latin America?
The group considers this region one of the main pillars of its international growth strategy and plans to continue investing to expand its presence and distribution capabilities.
What other companies are part of Squirrel?
Squirrel integrates companies in advertising, content, communication, and technological services, including Vértice Cine, Nautical Channel, NET TV, Horse TV, and M3 Satcom, among others.
