Investing
Xavier Niel buys Czech investor Kretinsky’s stake in Le Monde
© Reuters. Xavier Niel, founder of French broadband Internet provider Iliad, arrives for a hearing on the concentration of media ownership in the country, at the French Senate in Paris, France, February 18, 2022. REUTERS/Sarah Meyssonnier/File Photo
PARIS (Reuters) – NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky’s stake in daily Le Monde and committed to transferring this and its existing stake to a fund defending press freedom, it said on Saturday.
“The entire shares held since 2019 by Mr. Daniel Kretinsky’s company in the company Le Nouveau Monde were acquired by NJJ Presse (…) with the irrevocable commitment of NJJ Presse to transfer these shares, jointly with the shares already held directly, in the Fund for press freedom”, NJJ said in a statement sent to Reuters.
Finance tycoon Matthieu Pigasse, who had sold part of his stake in Le Monde to Kretinsky, will also put his shares in the fund, NJJ said.
The Financial Times had reported shortly before that an agreement was close on a buyout of the shares of the Czech energy magnate, a transaction worth around 50 million euros.
($1 = 0.9388 euros)
Read the full article here
-
Side Hustles6 days ago
Mark Zuckerberg Is Now Second Richest Person in the World
-
Investing6 days ago
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days ago
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing4 days ago
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing5 days ago
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Investing6 days ago
BCA says investors should fade the real estate rally By Investing.com
-
Passive Income5 days ago
Go Paperless with the PDF Reader Pro for $49.99
-
Passive Income6 days ago
Learn a New Language with This Fresh Approach