A Hungarian entrepreneur critical of Viktor Orban is acquiring a minority stake in the Polish publisher of influential newspaper Rzeczpospolita weeks ahead of a tightly contested national election.
Zoltan Varga, who owns one of Hungary’s largest independent media groups, is buying a 13.43% stake in Gremi Media SA from Amsterdam-based Pluralis BV. The stake carries voting rights of more than 20%. Pluralis, which invests in media companies with the backing of pro-democracy funds, will remain the group’s largest shareholder.
Zoltan Varga
Photographer: Akos Stiller/Bloomberg
The deal will help shore up Rzeczpospolita, a Polish daily covering business and politics that’s gained a ...
