Negosios learned that Media9Par, a company owned by Angolan businessman N’Gunu Tiny, is in advanced negotiations to acquire Jornal Económico and the weekly newspaper Novo. The agreements, it seems, should close in the next few days.
Media9Par is a subsidiary of the Emerald Group for the media area and will also merge Forbes Portugal and Forbes Lusófona, whose copyrights already belong to the group.
The purchase of the two newspapers owned so far, Megafin and Lapanews, respectively, is part of the strategy designed by N’Gunu Tiny, which aims to create a leading Portuguese-speaking media group.
In this sense, the two newspapers will undergo a reset aimed at confirming them in the Portuguese-speaking world, with a particular focus on topics such as climate change and energy, digitalization and social innovation.
In Novo’s case, a guarantee was given that it would maintain the editorial streak of a liberal nature while opening the newspaper to civil society.
Media9Par was reported to have appeared at the beginning of June. At the time, Raul Braganca Neto, Emerald Group Director, explained the purpose of this subsidiary. “We will explore the relationship between economics, business and politics, with the aim of promoting and highlighting leaders and companies working to transform the Portuguese-speaking space into structural themes such as climate and energy transition, digital transformation and social innovation.”
Outside of Media9Par, Emerald Group’s 40% minority stake in Polígrafo since 2018, as well as another 40% stake in Viral, a project launched in 2021, will remain, in the midst of the pandemic, to help combat misinformation in the health district’s media. .
N’Gunu Olívio Noronha Tiny was born in 1977 and holds a law degree from the University of Nova de Lisbon and a scholar at the London School of Economics (LSE). He began his career at the law firm of Carlos Vigo, in Luanda, then moved to London, where he was co-founder and Chairman of the Board of Directors of the financial services firm Eaglestone, until 2013. In addition, he held the positions of CEO of Banco Postal and Director of De Beers Angola.
The Emerald Group, which he established in 2009, is headquartered in the Dubai International Financial Center and is a wholly owned investment holding company of the entrepreneur, focused on the financial and energy sectors, as well as impact investing and social innovation.
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