Euronews and Naguib Sawiris successfully complete negotiations

Following a capital increase of €35m, Media Globe Networks, a company controlled by the Sawiris Family, becomes the majority shareholder of Euronews.

Euronews Media Globe Networks Sawiris Family

“Euronews is a strong, global, independent and highly professional news media,” commented Naguib Sawiris, the Chairman and CEO of Media Globe Networks. “I believe that Euronews, with its unique expertise, has a huge potential for future growth and do fully support Michael Peters and his team in their aim of raising Euronews to the next level.”

“The public shareholders welcome the investment of Media Globe Networks and look forward to working alongside Naguib Sawiris to support the future growth and development of Euronews”, said Paolo Garimberti, current Chairman of the Supervisory Board of Euronews. “The new governance provides all the guarantees regarding the editorial independence of Euronews. The public shareholders will remain closely involved alongside the new investor for the success of this unique media.”

Founded in 1993, Euronews is producing international news and magazines 24/24 in 13 language editions available to 425 million households in 158 countries.

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