Sanoma to acquire Santillana Spain from Prisa for $545m.

Sanoma, a Finnish media group, agreed to acquire Santillana Spain, a Spanish provider of K-12 learning materials, from Prisa, a Spanish media conglomerate, for $545m. "With these operations, the group shows that the roadmap set out is the right one and is one that has earned and deserved the trust of creditors. With the sale of Santillana Spain, Prisa's capacity to generate value is evident. What’s more, by choosing Sanoma, Santillana will be making a significant contribution to form one of the great European leaders in the Education sector," Manuel Mirat, Prisa CEO.