‘The Bureau’ Producer Federation Studios Moves to Recapitalize as Lionel Uzan Succeeds Pascal Breton as President

By Naman Ramachandran

Naman Ramachandran

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Federation Studios, the Paris-based group behind French spy series “The Bureau,” is overhauling its finances and leadership, with co-founder Lionel Uzan succeeding Pascal Breton as president and Montefiore and the company’s financial shareholders set to take majority control.

The company said Thursday that it settled on the plan after weighing a number of strategic alternatives. An upcoming capital increase will shore up its equity and cut its debt substantially, giving it the resources to grow faster. Every one of its longtime financial and banking partners is backing the move.

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