Portuguese Alpac Capital acquires majority stake in Euronews
Alpac Capital's agreement to buy Euronews was announced in December. The operation has now been completed.
Portugal-based investment fund manager Alpac Capital has completed the purchase of a majority stake in television station Euronews.
In a statement, the fund manager, owned by Pedro Vargas David and Luís Santos, reports the completion of the deal that had been announced in December 2021, without revealing the value of the investment.
“Alpac intends to strengthen the European identity of the project, namely by deepening the dialogue with Members of the European Parliament and the European Commission in Brussels, and to continue the process of media digitalisation, as well as its diversification efforts,” the statement sent to Lusa reads.
In the same note, the CEO of Alpac Capital, Pedro Vargas David, highlights “the need to amplify Euronews’ voice in the European media landscape and even beyond the continent’s borders.”
“Europe has experienced moments of instability in the last decade: financial, health and now military crises, which not long ago, would have been practically unthinkable. The European Union has therefore played an increasingly central role in our lives. If the EU is to become, as we wish, stronger and more efficient it must be increasingly democratic and accountable: none of this is possible without a free and strong press,” he added.
