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Press: CMA CGM now holds 100% of La Provence titles

2022-10-17T19:42:39.945Z


The Bobigny commercial court had definitively validated CMA CGM's offer at the end of September, for an amount of 81 million euros.


The Marseilles shipowner CMA CGM announced in a press release on Monday that it had finalized the acquisition of 100% of the shares of

La Provence

, an operation validated at the end of September by the Bobigny commercial court, detailing in passing the new governance of the press group.

After months of legal battle around the 89% of the shares of

La Provence

held by GBT, the holding company in compulsory liquidation of the ex-businessman Bernard Tapie, the heavyweight of maritime transport and NJJ, holding company of the founder of Free Xavier Niel, had buried the hatchet at the end of August.

In their agreement, the amount of which had not been communicated, NJJ sold its 11% stake in the press group to the shipowner.

Read alsoLidl and Amazon navigate the waters of the giants CMA CGM and Maersk

A month later, the Bobigny commercial court had definitively validated CMA CGM's offer, in the amount of 81 million euros, for GBT's 89% stake in the flagship of the press in southern France. France, which publishes the daily newspapers

La Provence

and

Corse Matin

.

"In order to implement the recovery and development project"

of the two press titles, CMA CGM has decided to entrust the chairmanship of a

"renewed and expanded"

board of directors to Jean-Emmanuel Sauvée, the founder of the Compagnie du Ponant, a luxury cruise line based in Marseille.

The general management of

La Provence

falls to Gabriel d'Harcourt, described as

“recognized professional of the regional daily press”

, until then deputy general manager of

La Voix du Nord

after having directed the

Courrier Picard

from 2011 to 2015.

“He will take office from December 12, 2022”

, adds the press release.

First notable foray into the media

The functions of the former CEO of

La Provence

, Jean-Christophe Serfati, are therefore split in two in this new governance.

Among the group's nine new directors are Julie Davico-Pahin, president of French Tech Aix-Marseille and co-founder of the start-up Ombréa, which produces solar shades for orchards and vineyards, Muriel Bernard-Reymond, director of a incubator in the northern districts of Marseille, or two members of the Saadé family, owner of CMA CGM.

“The governance of Corse Presse will also evolve in order to give

Corse Matin

the best framework for its development”

, specified CMA CGM.

By purchasing

La Provence

and

Corse Matin

, the shipowner is making a remarkable first foray into the world of the media.

An incursion that it intends to continue since its CEO, Rodolphe Saadé, is also in the running to take over the M6 ​​channel within a team led by Stéphane Courbit (FL Entertainment).

SEE ALSO

- Xavier Niel fired by La Provence employees

Source: lefigaro

All life articles on 2022-10-17

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