The European Union gives the green light to the acquisition of Editis by Daniel Kretinsky

2023-10-31 13:15:43

The French publishing group Editis will pass into the hands of Czech businessman Kretinsky, already at the head of Marianne, Elle, Franc Tireur and Télé 7 Jours.

The European Commission announced on Tuesday that it had given its approval to the acquisition by Czech businessman Daniel Kretinsky of the French publishing group Editis, sold by the Vivendi group.

In its notification, the Commission explains that the 25% stake of the Czech Media Invest (CMI) group, held by Daniel Kretinsky, in Fnac-Darty, does not pose a competition problem as part of this acquisition.

Media empire

Since 2018, Daniel Kretinsky, already at the head of a small media empire in his country and a powerful energy group, has bought numerous media outlets in France. It notably controls Marianne, Elle, Franc Tireur, Télé 7 Jours, 45% of the video media Loopsider and more than 5% of the TF1 group.

First shareholder of Fnac-Darty, the 48-year-old businessman also attempts to acquire part of the Atos IT group and participates in the takeover of the distributor Casino.

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