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. In April 2016, Orban called Mario David a “true friend” and gave him the middle cross of the Hungarian Order of Merit. Due to Orbán’s repeated media violations, where he influences media regulators to punish any and all journalists who negatively reports 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.

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 2024 European Parliament election.

https://en.m.wikipedia.org/wiki/Alpac_Capital