The Bobigny commercial court on Friday authorized the takeover of the press group La Provence by the Marseille shipowner CMA CGM, after months of stormy negotiations marked by the withdrawal of its competitor Xavier Niel.
The court's decision gives the green light to the takeover of the 89% of La Provence held by Groupe Bernard Tapie (GBT), over which there was little more suspense after the agreement announced at the end of August for the takeover by the shipowner CMA CGM, led by Rodolphe Saadé, of the 11% held by its competitor NJJ, the holding company of telecom magnate Xavier Niel.