JPMorgan to become Technicolor’s first shareholder

Pascale Paoli-Lebailly ©RapidTVNews | 04-05-2012



Technicolor has announced a capital increase plan to reduce its debt and allow One Equity Partners, the private investment arm of JPMorgan Chase to increase its stake.

The US bank which had held just 1% of Technicolor’s equity is set to increase its share from 25–29.96%. JPMorgan would thus become a long-term shareholder in the company and a stable shareholder.

This capital increase of up to €158 million will strengthen Technicolor’s balance sheet and enhance its capabilities to implement its “Amplify 2015” strategic roadmap. The planned capital increase, which is subject to shareholder approval, will also contribute to stabilising Technicolor’s shareholder base, the group explains in a statement.