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Xavier Niel puts all his press in a foundation

2021-04-15T16:59:10.617Z

Its shares in "Le Monde", "Nice-Matin", "France-Antilles" and "Paris Turf" are sold for 1 euro. Xavier Niel has decided to transfer - for a symbolic euro - all of his holdings in the press which were housed in his holding NJJ Presse (Le Monde Libre, L'Obs, France-Antilles, Nice-Matin, Paris Turf ), towards a foundation called Fund for the independence of the press. However, he keeps only one part in order to be able to replenish the foundation, if necessary. Read also: The co-shareholders o



Xavier Niel has decided to transfer - for a symbolic euro - all of his holdings in the press which were housed in his holding NJJ Presse (Le Monde Libre,

L'Obs, France-Antilles, Nice-Matin, Paris Turf

), towards a foundation called Fund for the independence of the press.

However, he keeps only one part in order to be able to replenish the foundation, if necessary.

Read also:

The co-shareholders of the World are tearing each other apart in the courts

The businessman specifies that the shares held in

Le Monde

and

L'Obs

are now non-transferable by the foundation.

However, the latter retains the possibility of selling its shares in

N

ice-Matin

, France-Antilles and Paris Turf.

This new foundation therefore becomes a 26.6% shareholder of the Free World.

With the independence pole (controlled by employees) which holds 25.4% of the capital of the publisher of Le Monde, the latter is now 52% secure.

For his part, Matthieu Pigasse who, through his holding company Combat, also owns 26.6% of the Free World, is working on a solution

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Source: lefigaro

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