RTL Group sells French technical facilities company VCF to Spanish Mediapro
Luxembourg, 1st February 2002. – RTL Group today announces the sale of its French technical facilities company Vidéo Communication France (VCF) to Barcelona-based TV services group Mediapro. Under the terms of the agreement, Mediapro will acquire 100 per cent of VCF for Euro 12.2 million.
Jean-Charles de Keyser, Executive Vice President TV & Radio, RTL Group, said: “VCF achieved a strong position in the French market for TV services and technical facilities but we felt its opportunities for further development under the ownership of RTL Group were limited. We are confident that, under the ownership of Mediapro, it will be well positioned to further grow its potential.”
Based in Saint-Cloud near Paris, VCF generates annual revenues of Euro 50 million and employs more than 330 permanent staff. VCF was formed in 1986 by the merger of the two RTL Group subsidiaries Vidéo Centre International and Vidéo Télé France. The company provides a range of services for leading commercial TV channels, including the production of shows and events as well as the operation of play-out centers for TV broadcasting. In production, VCF operates three studio complexes in the Paris area, including the “La Chapelle” studios, and a fleet of mobile recording units. In broadcasting, it manages 35 different programmes, broadcasting a total of 500 hours per day. VCF is also active in Internet and interactive TV.
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