CMA CGM buys the newspaper “La Provence”

The Bobigny commercial court on Friday authorized the takeover of the press group

by the Marseille shipowner CMA CGM, after months of stormy negotiations marked by the withdrawal of its competitor Xavier Niel.

The court's decision gives the green light to the takeover of the 89% of

held by Groupe Bernard Tapie (GBT), over which there was little more suspense after the agreement announced at the end of August for the takeover by the shipowner CMA CGM, led by Rodolphe Saadé, of the 11% held by its competitor NJJ, the holding company of telecom magnate Xavier Niel.

Almost a year after the death of the emblematic Marseille businessman and then a battle in court, CMA CGM takes control of the flagship of the press in the south of France, which has 850 employees and publishes the daily newspapers

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