Daniel Křetínský bought a stake in the French television group TF1

Czech businessman Daniel Křetínský bought 5.1 percent of shares in the French television group TF1, he wants to further increase his share. Křetínský supports the merger of the TF1 group with the competing channel M6, according to which the merger would bring viewers better television content. The French Office for the Protection of Competition is to approve the merger of the two companies by the summer of 2022.

Křetínský was previously one of the bidders for the takeover of the M6, along with Vivendi and Xavier Niel. However, the winning bid was submitted by TF1. List The echoes Křetínský said that he would be a minority and passive shareholder in TF1 without special rights.

Shares of the television group TF1 reacted to Křetínský’s statement that it supports the merger of both media by growing by 2.5 percent to 8.70 euros. Shares of the TV channel M6 also improved, rising by 1.2 percent.

In the French media market, Křetínský has already acquired Marianne magazine, seven magazines from the Lagardère group, including the famous Elle title, and 49 percent of the Le Nouveau Monde holding company, one of the shareholders of the Le Monde group publishing the daily of the same name. On French soil, it also has a stake in the Casino supermarket chain.

PZN redakce: Daniel Křetínský is a co-owner of the Czech News Center publishing house, which also operates the economic website E15.cz.

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Source: E15.cz by www.e15.cz.

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