Lagardere To Sell 20% Stake In Vivendi's Canal Plus France
April 15 2010 - 3:07AM
Dow Jones News
French media conglomerate Lagardere SCA (MMB.FR) said Thursday
that it intends to sell its 20% stake in Canal Plus France, a unit
of Vivendi's (VIV.FR) Canal Plus Group.
Lagardere has said the sale of the stake, valued by analysts at
about EUR1 billion to EUR1.5 billion, would happen once market
conditions improved.
The company's chief financial officer, Dominique D'Hinnin, said
late last year that Vivendi would be the likely buyer.
Vivendi and Lagardere didn't provide any further details.
-By Patricia Kowsmann, Dow Jones Newswires. Tel
+44(0)207-842-9295, patricia.kowsmann@dowjones.com
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