NJJ Presse, a holding of French telecoms maverick Xavier Niel, has purchased Czech billionaire Daniel Kretinsky's stake in daily Le Monde and committed to transferring this and its existing stake to a fund defending press freedom, it said on Saturday. "The entire shares held since 2019 by Mr. Daniel Kretinsky's company in the company Le Nouveau Monde were acquired by NJJ Presse (...) with the irrevocable commitment of NJJ Presse to transfer these shares, jointly with the shares already held directly, in the Fund for press freedom", NJJ said in a statement sent to Reuters.

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