Mexican businessman David Martínez Guzmán, partner of the Clarín group in Telecom Argentina, recently acquired a 7.8% stake in the holding company Televisa, one of the largest media groups in Mexico and the Spanish-speaking world. The operation was disclosed through a document from the Security Exchange Commission (SEC), the regulatory body of the U.S. stock market.
Martínez Guzmán, through his company Fintech Holdings, completed the purchase of Televisa shares on September 13, although the transaction was not publicly disclosed by either Televisa or Martínez directly.
The Mexican businessman is the founder and main shareholder of the fund Fintech Advisory, known for its active participation in the debt restructuring of companies and governments in emerging markets, including the Argentine market. Before engaging in investments, Martínez worked at Citigroup and currently divides his time between New York, London, Mexico, and makes periodic visits to Buenos Aires.
Martínez Guzmán is also a shareholder of the Spanish bank Sabadell and has played a significant role in consolidating its presence in the media and telecommunications business in Argentina. His entry into this sector began with the acquisition of 40% of Cablevisión, and in 2013, he managed to obtain almost 40% of Telecom Argentina, becoming a partner of the Clarín group.
Additionally, Martínez owns 18.6% of Grimoldi, a renowned footwear company whose control remains in the hands of the Grimoldi brothers. In the past, he acquired shares from Alejandro Manuel Estrada in Televisa through Fimex International, an investment fund based in the British Virgin Islands.
The deal with Televisa comes at a time of significant transformations within the Mexican group, after Emilio Azcárraga Jean, the main shareholder and president of Televisa, announced his resignation amid a U.S. Department of Justice investigation into alleged bribes to FIFA officials.
