The capital of the multilingual Euronews news channel is once again European.
Based in Portugal, the investment fund Alpac Capital will buy the 88% held by the holding company of Egyptian businessman Naguib Sawiris.
Why this interest?
“We see it as an investment with high added value.
We believe in the strong growth potential of Euronews and we want to invest to give it the means to develop on the digital side ”,
explains Pedro Vargas David, CEO of Alpac Capital, to
Le Figaro
.
See also
Euronews launches twelve separate editions
After several difficult years, marked by losses and two major restructuring plans, the chain, present in 160 countries, believes it can return to balance by 2023, thanks to its diversification activities (such as the sale of franchises in Albania, Georgia, Serbia, Romania, Bulgaria) and the growth of its advertising revenues.
The future new shareholder will invest more in thematic digital content, launched recently (Euronews ...
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