MCR, filiale Radio
The main shareholder in France’s TDF is looking to sell its stake in the company.
Les Echos reports that the Canadian investment fund Brookfield, which has held 45% of its capital since 2015, has put up its stake for sale.
It adds that TDF could be worth up to €10 billion, or 2.8 tomes more than in 2015, and the first offers for the stake are expected in mid-July.
Les Echos notes that TDF’s historical activity of broadcasting TV and radio services has been declining in recent year and now accounts for only 38% of its annual income.
Significantly, it also says, quoting an unnamed source, that there is no plan to sell TDF’s audiovisual and telecoms businesses separately.
