Telecoms & Media
Africanews aborted sale: Euronews asks for judicial sequestration of the €1 million paid by Sipromad

Africanews aborted sale: Euronews asks for judicial sequestration of the €1 million paid by Sipromad

Euronews and Sipromad continue their legal battle in the context of the failed sale of Euronews’ subsidiary Africanews to the Malagasy group in 2019.

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            ▪ Africanews aborted sale: Euronews asks for judicial sequestration of the €1 million paid by Sipromad

▪ Euronews and Sipromad continue their legal battle in the context of the failed sale of Euronews’ subsidiary Africanews to the Malagasy group in 2019.

http://www.jeuneafriquebusinessplus.com/en/806438/africanews-aborted-sale-euronews-asks-for-judicial-sequestration-of-the-e1-million-paid-by-sipromad/

18/12/2020 at 18h33, by Gaëlle Arenson

At the hearing, scheduled for 12 January 2021 at the Paris Commercial Court, Euronews is expected to seek confirmation of the sequestration from the President of the Paris Bar Association for the sum of €1 million that was paid by Sipromad into a Euronews account at the Caisse d’Epargne Rhône-Alpes during the initial negotiations in August 2019.

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