Billionaire Kretinsky takes over 5% of TF1

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After the purchase of magazines from the Lagardère group, including the emblematic She , and her entry into the group’s capital Le Monde in 63, the Czech billionaire Daniel Kretinsky once again surprises the French media by acquiring more than 5% of the TF1 group.

In a statement to the Autorité des marchés financiers, Mr. Kretinsky indicated that he owns, through his Luxembourg company Vesa Equity Investment, 5, 05% of the capital and voting rights of the television group. He had entered the capital in 2018, specified TF1.

This operation is not carried out in agreement with the Bouygues group, the main shareholder of TF1, but “is in no way hostile to it, quite the contrary”, Daniel Kretinsky told the daily Les Echos . “TF1 is a company in which we believe because of its solidity. We also believe in the merger with M6, which we are very favorable to,” he added.

A fortune of € 3 billion

According to the economic newspaper, the billionaire – who is by elsewhere also owner of the weekly Marianne – could also increase her participation. Already, its rise in the capital of TF1 was well received by investors: at 15 h 40, the title of the TF1 group gained 1, 59% to 8, 63 €.

Before being able to materialize, the merger project between the two television groups TF1 and M6, announced in May, must obtain the approval of several regulatory bodies, including the Competition Authority and the Superior Audiovisual Council (CSA), which must rule in the first half of the year 2022.

At the head of a fortune estimated at more than 3 billion € according to Forbes , the magnate, also at the helm of the football club Sparta Prague, is at the head of a small media empire in his country and of a powerful energy group, which employs more than 24 00 0 people.

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