SCHEDULE 13G/A: Fintech Entities and David Martinez Disclose 9.7% Stake in Grupo Televisa

Fintech LatAm S.a r.l., Fintech Holdings Luxembourg S.a r.l., Fintech Holdings Inc., and David Martinez have jointly reported a beneficial ownership of 9.7% in Grupo Televisa, S.A.B. as of December 31, 2024.

Summary

• Fintech LatAm S.a r.l., Fintech Holdings Luxembourg S.a r.l., Fintech Holdings Inc., and Mr. David Martinez (collectively, the "Reporting Persons") have filed a Schedule 13G Amendment No. 1.
• The filing reports beneficial ownership of 260,309,028 Certificados de Participacion Ordinarios (CPOs) and Global Depositary Shares (GDSs) of GRUPO TELEVISA, S.A.B.
• This aggregate amount represents 9.7% of the outstanding class of securities.
• The ownership includes 17,918,113 CPOs held directly and 242,390,915 CPOs held through GDSs, with each GDS representing five CPOs.
• The calculation of the percentage is based upon 2,677,252,609 CPOs outstanding, as reported by Grupo Televisa in a Form 6-K filed on October 30, 2024.
• The Reporting Persons, including David Martinez, hold sole voting and sole dispositive power over all 260,309,028 shares.
• The organizational structure indicates Mr. Martinez directly controls Fintech Holdings Inc. (Delaware), which is the parent company of Fintech Holdings Luxembourg S.a r.l. (Luxembourg), which in turn is the parent company of Fintech LatAm S.a r.l. (Luxembourg), the direct holder of the securities.

Sentiment

Score: 6

Explanation: The disclosure of a significant passive stake by a prominent investor group is generally viewed as a positive signal of confidence in the issuer, although the filing itself is a routine regulatory requirement.

Positives

• The disclosure of a significant beneficial ownership stake (9.7%) by a prominent investor group, led by David Martinez, can be interpreted as a vote of confidence in Grupo Televisa's long-term prospects.
• The filing explicitly states that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer, indicating a passive investment strategy.

Risks

• The document itself does not detail specific risks related to Grupo Televisa's operations or financial health, as it is solely an ownership disclosure.

Management Comments

• The Reporting Persons certified that, to the best of their knowledge and belief, the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities, and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 240.14a-11.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant ownership stake by a prominent investor, which could influence market perception and potentially share price.
• Company Management: Awareness of a large, passive shareholder group may influence strategic considerations, though the filing explicitly states no intent to influence control.

Key Dates

Keywords

Grupo Televisa, Fintech LatAm, David Martinez, Beneficial Ownership, SEC Filing, Schedule 13G, CPOs, GDSs, Investment, Shareholding, Luxembourg, Delaware, United Kingdom