PersonAlso known as Pedro Vargas Santos David

Pedro Vargas David

CEO of Alpac Capital; chairman of Euronews

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Pedro Vargas David is a Portuguese businessman, co-founder and chief executive of the Lisbon investment group Alpac Capital, which owns Euronews. Euronews described him as its chairman in February 2025.Sources:1Wikipedia: Alpac Capital, Wikipedia (source, opens in a new tab)2Euronews: Euronews returns to profitability, announces new chapter as Europe's leading news provider, Euronews, 17 February 2025 (source, opens in a new tab)

A 2024 investigation by Direkt36, Le Monde and Expresso reported that the fund he led to buy Euronews received €45 million from a Hungarian state capital fund; his company had said in 2021 that there was no public money in the deal, and he did not respond to Direkt36's questions.Sources:3Direkt36: Secret documents reveal that Orbán's people were behind the purchase of one of Europe's biggest TV channels, Direkt36, 11 April 2024 (source, opens in a new tab)

Roles and connections

EuronewsDirector of Euronews: Chairman of Euronews (2025); co-founder and CEO of Alpac CapitalEuropean multilingual news network owned by Alpac Capital
Sources:Wikipedia: Alpac Capital, Wikipedia (source, opens in a new tab)Euronews: Euronews returns to profitability, announces new chapter as Europe's leading news provider, Euronews, 17 February 2025 (source, opens in a new tab)

Sources

1
Alpac CapitalWikipediaen.wikipedia.org
2
Euronews returns to profitability, announces new chapter as Europe's leading news providerEuronewsPurchase partly financed by the Hungarian state: €45 million (Direkt36, Le Monde, Expresso); Alpac denied public money (reported) 17 February 2025euronews.com
3
Secret documents reveal that Orbán's people were behind the purchase of one of Europe's biggest TV channelsDirekt36 11 April 2024direkt36.hu