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Europe Daily Bulletin No. 8204

3 May 2002
Contents Publication in full By article 22 / 52
GENERAL NEWS / (eu) eu/competition
Commission authorises purchase by TF1 of 25% of the capital of TPS

Brussels, 02/05/2002 (Agence Europe) - The Commission has authorised the purchase by TF1 of 25% of the capital of TPS, currently held by France Télévision and France Télécom. Once the transaction has been completed, TF1, which already holds 25%, will hold 50% of TPS's capital. However, given the joint strategy pursued within TPS by M6 and Suez, which each own 25% of its capital, TF1 will exercise joint control of TPS together with M6/Suez. This transaction shows that there is no risk to...

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GENERAL NEWS