"L'Opinion" is looking for one million euros via a capital increase

Looking for a million euros.

launching a capital increase of one million euros, in order to mobilize funds after investments and have suffered the repercussions of the pandemic, the daily announced Thursday confirming information from the

.

“It's an operation that we launched almost a month ago now and that we renew every year around the same time,” says Nicolas Beytout, the president and founder of the newspaper.

About forty shareholders

L'Opinion

created a company called “Les Amis de

 ”, which today consists of around 40 shareholders.

It is through this company that investments can be made.

The capital increase will be carried out by way of a public offer reserved for qualified investors.

"It is to create a form of loyalty to the newspaper" that the daily takes this kind of initiative, explains Nicolas Beytout.

It is also because the daily needs to raise its own funds after having completely renovated its Internet site and because it must create, next year, that of the press group Agefi, which it created. acquisition in 2019.

Declining advertising revenue

Finally, "it is also because we suffered from the Covid crisis, from the drop in advertising revenue and the putting in brackets of a certain number of events on which we relied a lot", concludes Nicolas Beytout.

The minimum subscription to become a shareholder is 10,000 euros and the subscription period will end on December 31.

Nicolas Beytout: "It has been twenty years since there was any launch of a generalist daily"

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