Naguib Sawiris

Sawiris takes majority stake in Euronews

Media Globe Networks, a company owned by the Sawiris Family and managed by Egyptian billionaire Naguib Sawiris, now holds 53% in Euronews after completing  a €35 million capital increase in the business. The new deal follows several months of exclusive negotiations between Media Globe Networks and Euronews, with the remaining 47% of shares stay with […]

Egyptian tycoon Sawiris to take majority stake in Euronews

London-based Egyptian telecoms magnate Naguib Sawiris is to take a majority stake in Euronews under a plan adopted by the international news broadcaster’s board.  The news channel’s supervisory board has already approved a €35 million capital increase and authorised CEO Michael Peters to enter negotiations for 60 days for one of Sawiris’ investment vehicles to […]