French Financier Bollore In Group Eyeing Offer For AP France

Posted Tuesday, December 11, 2007 12:00 am

By: Reuters is reporting that French financier Vincent Bollore is part of a group of investors which has tabled an offer to buy AP France, the Paris-based French language service of The Associated Press.

AP France has called a meeting of its workers' representatives on Dec. 14 to unveil a reorganisation plan, which includes plans to sell the French service, Reuters reported. AP France employs 28 full-time journalists.

AP France lost 1.4 million Euros on revenue of 6 million Euros in 2006, according to French weekly Le Canard Enchaine.

AP France competes in the French language news agency business with state-controlled Agence France Presse and Reuters'

Bollore's media interests range from majority stakes in French advertising group Havas HAV.PA and its British rival Aegis AGS.L, to digital terrestrial television Direct8 and free daily newspapers DirectSoir and MatinPlus.

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French Financier Bollore In Group Eyeing Offer For AP France

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