(Boursier.com) — BFM and RMC will change ownership. Altice France announces that it has entered into exclusive negotiations with the CMA CGM Group and Merit France, a family holding company, to sell them 100% of Altice Media, for a total cash amount of 1.55 billion euros. Altice Media is the leading French news group with its BFM and RMC brands. The transaction, which will be subject to customary conditions precedent and the receipt of applicable regulatory approvals, is expected to be finalized during the summer of 2024.
“Patrick Drahi expresses all his confidence in Rodolphe Saadé, with whom he has maintained close and friendly relations for many years, in his family, in CMA CGM and Merit France, to continue to invest and develop Altice Media in order to enable BFM and RMC, and their teams, to continue their essential missions”.
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