[caption id="attachment_26228" align="alignnone" width="640"] Xavier Niel. Photo: Flickr TNS Sofres[/caption]
Flamboyant entrepreneur Xavier Niel – often described as France’s most influential person – is close to finalising a deal to take a majority holding in Eir, Ireland’s biggest telecoms company.
Neil, who in 2014 bought the majority stake in Monaco Telecom previously owned by Cable & Wireless Communications, is expected to take a stake of 90 percent currently held by US funds Anchorage Capital and Davidson Kempner and Singapore’s GIC.
The deal would value the former state-owned company at €1.5 billion. The transaction is expected to close by the end of the year. The sale would be the sixth change of ownership since 1999.
Niel, 50, is the man behind Iliad, the internet service provider and owner of France’s Free mobile service. In addition to his holding in Monaco Telecom, he is also co-owner of the French newspaper Le Monde. He is said to be close to Silicon Valley entrepreneurs Mark Zuckerberg and Elon Musk.
The website, in French and English, addresses questions about LEDs, the subsidy scheme for solar panels and thermal regulation. Information documents for the general public, adapted to the specificities of the Principality, have been published and will regularly be enriched with new topics, the Government says.
[caption id="attachment_26346" align="alignnone" width="640"] Ludovic Schultz, Head of the French Delegation, representing HE Xavier Sticker, and Cyril Gomez, Head of the Monegasque Delegation. Photo: Manuel Vitali/DC[/caption]
The handover took place on December 13 between the outgoing Presidency and the incoming Presidency of the Pelages Agreement, provided by Monaco in the person of Cyril Gomez, Director General of the Department of Public Works, Environment and Urban Development.
Cyril Gomez, Head of the Monegasque delegation, succeeded HE Xavier Sticker, Head of the French delegation, and will hold the Presidency for the next two years.
The objective of the Pelagos Agreement is to protect marine mammals and their habitats from any threat of human origin. The Sanctuary is a maritime area of 87,500 square kilometres and represents the largest marine protected area in the Mediterranean and the only international marine area dedicated to the protection of marine mammals.