RTL Group lastly provides up promoting M6
The Bertelsmann Group has determined to provide time to time. “We labored for nearly two years on a consolidation of the sector. This venture was in all probability too early. We remorse it,” lamented Nicolas de Tavernost.
The sale of the M6 group is not going to happen. Monday night, after a weekend of reflection, the Bertelsmann group determined to provide time time. “We acquired three presents, all of them of top of the range. Our shareholder RTL Group, in session with us, however thought of that it was essential to work higher in stability given a fancy regulatory framework, signifies Nicolas de Tavernost, the chairman of the administration board of M6 earlier than including: “ I’m very completely satisfied to proceed the journey with RTL Group, which has accompanied our success story for 35 years.“.
On the finish of final week, three agency presents had been on the desk. The premiere of FL Leisure, world chief in audiovisual manufacturing (Banijay) managed by Stéphane Courbit, related to Rodolphe Saadé, the boss of the delivery big CMA-CGM, and Marc Ladreit de Lacharrière (Fimalac). The second of the pair made up of Xavier Niel, boss of Free and MediaForEurope, the Berlusconi household group. The third, lastly, formulated by the Czech billionaire Daniel Kretinsky, who has a press group in France with CMI (She, Marianne).
The primary even valued Bertelsmann’s stake in M6 at round 1.2 billion euros, or 20 euros per share. This constituted a premium of roughly 57% in comparison with the present share value, round 12.40 euros. However promoting M6, after the abortive merger with TF1, concerned many dangers. Benoît Coeuré, president of the French Competitors Authority (ADLC), and Roch-Olivier Maistre, president of Arcom, had warned final week earlier than the Senate that the timetable was ” wrought up “. The authorization to broadcast M6 on DTT should certainly be renewed in Might 2023 by Arcom. After this time, any change in frequency management can be not possible for 5 years, as supplied by regulation. Drawback, the examine of a capital change, topic to the management of Arcom and even the inexperienced mild of the Competitors Authority, would have required extra time. An excessive amount of time, had hole made perceive the Arcom and the ADLC.
“We labored for nearly two years on a consolidation of the sector. This venture was in all probability too early. We remorse it“, estimated Nicolas de Tavernost. The web page is now turned and M6 desires to maneuver ahead. “II’m delighted to see the curiosity in our group. He was very sturdy. The group will stay the pivot of a consolidation. We stay engaging to native and worldwide companions. RTL doesn’t plan to cede management of M6. However nothing prevents us from collaborating in a single type or one other with different companions.“.
SEE ALSO – TF1 and M6 announce the abandonment of their merger venture
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