CDG Invest acquires sole ownership of public broadcasting channel Medi1 TV

MOROCCO – Caisse de Depot et de Gestion (CDG) Invest has acquired sole ownership of public broadcasting channel Medi1 TV, for MAD105 million (US$11.9 million) buyout, reports Moroccan World News. The company plans on holding on to ownership of Medi1 TV until government entity SNRT can meet official legal regulations. At this time, CDG will transfer ownership of the channel to SNRT. The buyout is a part of a larger restructuring of the Moroccan public broadcast system. The plans were formally announced on May 25th by Minister of Culture Othmane…

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