Canadian billionaire acquires 27% stake in The Economist

3 days ago 4

Rommie Analytics

Canadian billionaire Stephen Smith has agreed to acquire more than a quarter of The Economist Group, reports Daniel Thomas and Ivan Levingston of The Financial Times. Thomas and Levingston write, “Smith’s family holding company, Smith Financial, is to acquire a 26.9 per cent stake in the group from Forester de Rothschild, her family and her family foundation. “‘This investment […]
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