Luc Besson’s EuropaCorp Initiates Takeover Talks With Vine Alternative Investments

  • The Wrap
Luc Besson’s EuropaCorp Initiates Takeover Talks With Vine Alternative Investments
EuropaCorp, the European movie studio founded by Luc Besson, has resumed talks with junior lender Vine Alternative Investments to have it take over the company.

The deal, which was first reported by French newspaper Le Journal du Dimanche, is still being finalized between Vine and EuropaCorp’s senior lender, Jp Morgan, and comes after EuropaCorp previously opened talks to sell a majority stake in the studio to Pathe, EuropaCorp’s film distributor in France. According to Dimanche, a deal with Vine is the studio’s current preferred choice.

As part of the deal to take over the studio, the €80 million debt owed by EuropaCorp to Vine would be converted into a stake in the company, and Vine may also move to take full ownership of the studio’s film library.

Also Read: Luc Besson's Financially Troubled EuropaCorp Placed Under Court Protection in France

The new talks come two months after
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