Alpac Capital takes majority stake in Euronews
Egyptian tycoon Naguib Sawiris has agreed a deal to sell his majority stake in Euronews, the pan-European TV news network, to Portuguese investment firm Alpac Capital. Alpac will acquire the 88 per cent of Euronews’ shares owned by Sawiris’s Luxembourg-based holding Media Globe Networks (MNG) for an undisclosed amount. The deal should be closed by […]