TF1 holds 100% of TMC’s capital and Monaco becomes shareholder in TF1 group

The TF1 group announced today that it has purchased the Principality of Monaco’s 20% stake in the TMC television channel.

The deal will be based on a share swap, enabling the Principality of Monaco, as a TF1 shareholder, to continue to be involved in the success of TMC and the TF1 group.

The Principality of Monaco will own a 1.1% stake in TF1.

This deal does not in any way affect the current operations of the TMC channel, whose headquarters and business are located in Monaco.

Through this move, TF1 is continuing to implement its multichannel strategy.

For Monaco, it is an opportunity to be involved in the development of an international audiovisual group with a wide range of expertise.