French businessman Joseph Oughourlian, the largest shareholder in Prisa, publisher of Spanish newspaper El Pais, plans to exit the company eventually, he said on Wednesday without indicating when.

Spanish media company Prisa said on Friday its second-largest shareholder Vivendi , had obtained the Spanish government's go-ahead to raise its stake in the publisher of the El Pais newspaper.

Prisa has secured an injection of up to $900m under a merger deal with a US vehicle run by Nicolas Berggruen, the “homeless billionaire”, and Martin Franklin, a former tennis partner of ...