The commercial court’s decision is the epilogue of a legal tussle that pitted billionaires Rodolphe Saadé, CEO of CMA CGM, against the boss of Free, Xavier Niel, for months.
Article written by
Posted
Update
Reading time : 1 min.
After months of uncertainty, the transaction is recorded: the Bobigny commercial court validated Friday, September 30 the takeover of the press group Provence by the shipowner CMA CGM for 81 million euros, a decision expected after an agreement with its competitor Xavier Niel, founder of Free.
Almost a year after the death of the emblematic businessman and then a long battle in the courts, CMA CGM and the group of Xavier Niel having long torn for control of the flagship of the press in the south of the France, one of the world’s giants in maritime transport, takes control of a group which has 850 employees and publishes the daily newspapers Provence and Corsica Morning.
By offering these newspapers, CMA CGM, based in Marseille, is also making a remarkable entry into the world of media. The shipowner’s appetite does not stop there since Rodolphe Saadé is also in the running to take over the M6 channel, in a team led by Stéphane Courbit (FL Entertainment). “I am delighted with this decision which comes to the end of several months of work and intense mobilization of all the parties”greeted in a press release the judicial liquidator of the Bernard Tapie group, Marc Sénéchal.
How can everyone be better informed?
Participate in the consultation initiated as part of the European project De facto on the Make.org platform. Franceinfo is the partner