Alpac Capital to acquire an 88% stake in Euronews.

Alpac Capital, an investment firm, agreed to acquire an 88% stake in Euronews, a French-based pan-European television news network. Financial terms were not disclosed. As we look to the future with confidence, the decision by European investor Alpac Capital to buy MGN’s stake in Euronews is a vote of confidence in our strategy and our unique consumer offering in today’s media landscape. It strengthens Euronews’ European DNA and represents an important opportunity for the Group to ensure its continuity and development. I am confident in the future of Euronews and more committed than ever to work to accompany its transformation, alongside our current and future shareholders and all my Euronews colleagues who have always had my respect and admiration," Michael Peters, Euronews Chairman.