Alpac Capital is a Portuguese investment group, founded in 2013, which manages three investment funds: a technology fund, a telecom fund and a media fund. It is headquartered in Lisbon.
History
Alpac Capital was founded in 2013. Besides its global headquarters in Lisbon, the firm also has regional offices in Budapest and Dubai.
Alpac Capital's CEO Pedro Vargas David, is well established in the government of Hungarian PM Viktor Orbán and is the son of Mario David, one of Orbán's advisers.[1] Due to Orbán's repeated media violations, where he influences media regulators to punish any and all journalists who negatively report on his or his government's actions, Alpac Capital's purchase of Euronews from Naguib Sawiris was put under increased scrutiny as an attempt by Orbán to influence wider European politics.[1]
On April 18, 2024, the International Federation of Journalists called for a European parliamentary inquiry into the Hungarian government's influence over Euronews via Alpac Capital due to Euronews attempting to influence the