Concentration in the Belgian press. While rumors have reported for several weeks a rapprochement between the two Belgian French -speaking groups, Rossel and IPM, the latter announced, on June 23, that they were going to merge. Rossel, who notably publishes daily life The eveningtake up the written press activities of IPM, owner, among other things, LA LIBLE Belgium: The symbol is strong for the editors of these two titles to the legendary rivalry, created at the end of the 19th centurye century.
Much more powerful, with a turnover of 646 million euros, a portfolio of 92 brands, and diversification in many areas in Belgium and France – Rossel will absorb IPM, which will hold 10 % of its capital. The operation must receive the green light from the Belgian competition authorities. The merger is not total insofar as François Le Hodey, the boss of IPM – who will enter the board of directors of Rossel – and his family will keep control of the audiovisual activities of their group (two radios and the information chain LN24).
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