MDIF-backed Pluralis to acquire a 40% stake in Gremi Media from KCI for $23m.

MDIF-backed Pluralis, an impact investment vehicle, agreed to acquire a 40% stake in Gremi Media, a Poland-based company, engages in offering economic and business press and an Internet portfolio, from KCI, a developer company, for $23m. “MDIF is delighted to join such a diverse group of investors in Pluralis, all of whom value the importance of media pluralism and independence. We expect Pluralis to attract more investors and become the investment vehicle of choice for those committed to maintaining a diverse media across Europe," Harlan Mandel, MDIF CEO.