Hicks, Muse, Tate & Furst, the US private equity firm, has sold its remaining stake in Grupo Media Capital. It partially exited its investment in the broadcasting group in March in Portugal's first initial public offering for four years.

It has sold the remaining 11.6% stake to RTL Group, the German broadcaster, after a lock-up on the sale of its shares ended last week. Financial details have not been released but analysts estimate the stake is worth €45m.