Egyptian billionaire Naguib Sawiris sold Euronews to a firm now buying Serbia's last independent media
Billionaires Africa | 31.05.2026 12:15
When Naguib Sawiris sold his 88 percent stake in Euronews to Portuguese investment firm Alpac Capital in December 2021, the Egyptian telecoms billionaire collected the proceeds from a media investment that had consistently lost money since he acquired a majority in the pan-European broadcaster in 2015. He walked away. Alpac Capital walked in.
