French media group acquires Extreme Sailing Series organizer

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French company Télégramme Group announced the purchase of a majority stake in OC Sport, an international marketing company specializing in yachting, sailing and outdoor activities. The purchase price of the securities has not been announced.

Although the majority stake has been bought out by the French company, OC Sport founder Mark Turner will remain among the shareholders and CEO Rémi Duchemin will continue to stand at the helm.

Télégramme Group is a media group that includes many well-known media outlets in Europe ( Tébéo and TébéSud TV channels among them). It also owns an advertising agency, several communication services, websites, a number of event agencies.

OC Sport belongs to the latter. Among the events organized by the company are Extreme Sailing Series regattas, one of the stages of which was held in Saint-Petersburg and Barcelona World Race, Haute Route Alps cycling race, Harmony Geneva Marathon for Unicef, French Riviera Marathon Nice-Cannes and other events. Additionally, OC Sport handles marketing issues for individual teams (for example, the Chinese team planning to win the Volvo Dongfeng Race Team.China and plans to win the Volvo Ocean Race.)

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