TDF ownership change looming
MAY 31, 2022 12.08 EUROPE/LONDON BY CHRIS DZIADUL


MCR, filiale Radio

The main shareholder in France’s TDF is looking to sell its stake in the company.

Les Echos reports that the Canadian investment fund Brookfield, which has held 45% of its capital since 2015, has put up its stake for sale.

It adds that TDF could be worth up to €10 billion, or 2.8 tomes more than in 2015, and the first offers for the stake are expected in mid-July.

Les Echos notes that TDF’s historical activity of broadcasting TV and radio services has been declining in recent year and now accounts for only 38% of its annual income.

Significantly, it also says, quoting an unnamed source, that there is no plan to sell TDF’s audiovisual and telecoms businesses separately.