Le Temps is recapitalized
Press I The French-Swiss daily newspaper Le Temps is receiving new capital. This will allow it to pay off its existing debts and consolidate its financial foundation.
Presse I The French-speaking Swiss daily newspaper Le Temps receives new capital. Old debts are thus repaid and the newspaper's financial basis consolidated.Presse I The French-speaking Swiss daily newspaper Le Temps receives new capital. Old debts will thus be repaid and the financial basis of the newspaper consolidated. First, the nominal value of the 5,000 shares is reduced from CHF 1,000 to CHF 400 in a capital cut.
Subsequently, 7500 new
shares of CHF 400 each will be issued, so that the capital on
will again amount to CHF 5 million at the end of the year. As before, Le Temps remains under the control of Edipresse and Ringier, each holding 47 percent. The remainder is shared between the editorial team, the Geneva banker Claude
Demole and the French newspaper Le Monde, which is not participating in the capital increase.
Subsequently, 7500 new
shares of CHF 400 each will be issued, so that the capital on
will again amount to CHF 5 million at the end of the year. As before, Le Temps remains under the control of Edipresse and Ringier, each holding 47 percent. The remainder is shared between the editorial team, the Geneva banker Claude
Demole and the French newspaper Le Monde, which is not participating in the capital increase.
