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General

French state fund acquires 5.5% of Technicolor

Tuesday 30 April 2013 | 08:31 CET | News
The French government's Strategic Investment Fund, FSI, acquired an around 5.5 percent stake in media and entertainment technology company Technicolor for approximately EUR 45 million on 29 April, reports Les Echos. The operation increases FSI's joint stake with its State-owned parent company, Caisse des Depots, to 7.5 percent of Technicolor's equity and voting rights. FSI executive member Jean d'Arthuys said the operation allows the fund to contribute to strengthening and stabilising the shareholder base of this important player in the media and entertainment sector. Les Echos writes that

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Categories: General
Companies: Technicolor
Countries: France / World
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