Mediahuis acquires Luxembourg-based media company Saint-Paul group
By Akshay Kedari  Date: 2020-04-28

Mediahuis acquires Luxembourg-based media company Saint-Paul group

The acquisition is likely to accelerate its digital transformation as well as help develop new products and services.

With active operations in Belgium, Ireland and the Netherlands, renowned media company Mediahuis NV is about to enter the Luxembourgish market. According to reports, Mediahuis has recently inked an acquisition deal with media company Saint-Paul group that publishes various titles like Télécran, Luxembourg Times, and Luxemburger Wort.

According to a statement, Mediahuis said that the deal will enable Saint-Paul to accelerate its digital transformation as well as help develop new products and services, while making use of their firm’s scale and expertise.

Reportedly, Lafayette SA, the society which controls all economic assets of the diocese, held full ownership of Saint-Paul’s capital. Following this acquisition, it is stated that Lafayette will remain a minority shareholder in the capital of Mediahuis.

Speaking on the move, Gert Ysebaert, Chief Executive, Mediahuis Group, said that the blend of nationalities and cultures, along with an innovative and prosperous business climate, makes the Grand Duchy of Luxembourg a vital geographical expansion for their firm. Mediahuis believes in the power of independent and strong journalism, added Ysebaert.

Reports claim that Mediahuis is currently one of the leading media groups in Belgium, Northern Ireland, the Netherlands, and the Republic, and has a range of regional and national print and online titles in all these markets.

Along with the Belfast Telegraph and Sunday Life, Mediahuis titles also include the Irish Independent, Sunday World, Sunday Independent, and regional papers like the Kerryman.

For the record, Mediahuis was established 7 years ago through merger of Belgian publishers Concentra and Corelio. In 2019, Mediahuis acquired 7 newspapers in Northern Ireland and Ireland. With about 3,700 people working with the group, the company owns the French radio stations Nostalgie and NRJ, and operates through its main offices in Amsterdam, Antwerpen, Dublin, as well as in Gasperich.

Source Credit: https://today.rtl.lu/news/luxembourg/a/1508437.html

About Author

Akshay Kedari    

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Rivian secures USD 2.65 billion months before its first vehicle launch
Rivian secures USD 2.65 billion months before its first vehicle launch
By Akshay Kedari

Electric vehicle startup, Rivian, backed by Ford Motor Co. and Amazon.com Inc., has reportedly announced an investment round of USD 2.65 billion led by T. Rowe Price, months before its first vehicle launch. Sources with knowledge of the matter state...

BMW drivers can now unlock and start cars without using their iPhone
BMW drivers can now unlock and start cars without using their iPhone
By Akshay Kedari

German multinational automobile manufacturer, Bayerische Motoren Werke AG, commonly known as BMW, has reportedly unveiled an upgraded version of its mobile car key technology, called the Digital Key Plus. This product enables iPhone users to unlock t...

FMCG firms resort to marginal hike to cope with raw material inflation
FMCG firms resort to marginal hike to cope with raw material inflation
By Akshay Kedari

The recent inflation in raw materials has reportedly prompted players in the FMCG sector to take price hike measures for their products, in a bid to maintain the revenues. According to reliable sources, some FMCG companies, including Marico, have al...

boAt raises USD 100 million in funding from Warburg Pincus
boAt raises USD 100 million in funding from Warburg Pincus
By Akshay Kedari

Indian consumer electronics brand, boAt, has reportedly secured funding of USD 100 million from Warburg Pincus, a New-York-based private equity firm, at a USD 300 million valuation. The company will utilize these funds to expand its product portfoli...

Elevar Therapeutics and Inceptua partner to commercialize Apealea®
Elevar Therapeutics and Inceptua partner to commercialize Apealea®
By Akshay Kedari

According to reliable sources, U.S.-based fully integrated biopharmaceutical company, Elevar Therapeutics Inc., has signed an exclusive agreement with Inceptua Group for the commercialization and distribution of its non-cremophor based paclitaxel tre...