Czech businessman Daniel Kretinsky has entered into exclusive negotiations with Vivendi to acquire 100% of Editis, France’s second-largest publishing group.
Mired for months in discussions with the European Commission, Vincent Bolloré’s group must, in fact, sell Editis, which brings together more than fifty houses (Robert Laffont, Plon, Julliard, etc.), to obtain the approval of Brussels to its takeover bid (OPA) on Lagardère, which would give it effective control of the Hachette Livre group – the world’s third largest publisher.
The Czech tycoon has accelerated his investments in French media in recent years through his press group CMI France (Elle, TV 7 days, Marianne). He is also an indirect shareholder of Mondebailed out Release worth 15 million euros and owns more than 5% of the TF1 group.
More information to come
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