Nicolas De-Tavernost France 2020 president track Company Nicolas De-Tavernost France

TF1 Parent Company Bouygues On Track to Buy Stake in Bertelsmann-Owned M6 Groupe

Reading now: 508
variety.com

Elsa Keslassy International CorrespondentBouygues, the parent company of TF1 Group, France’s leading commercial network, is on track to buy a 30% stake in M6 Groupe from Berteslmann, Variety has confirmed.

TF1 is expected to unveil the advanced negotiations on Tuesday (May 18).Bertelsmann would retain 16% of the capital in M6 Groupe, while Nicolas de Tavernost, the long-time president of M6 Groupe’s directory, would remain at the company as chairman, according to the French newspaper.Bouygues and M6 Groupe are being advised by Rothschild and JP Morgan, respectively.

Read more on variety.com
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA