Closing by Lagardère SCA of the sale of its magazine business in the United Kingdom and the Czech Republic

Category

Archives Lagardère Active, Corporate & other activities, Finance

Paris, July 29, 2011

As announced in the press release dated 31 May 2011, Lagardère SCA has completed the sale of its magazine business to Hearst Corporation in the United Kingdom. The sale covers seven titles.

In addition, the sale by Lagardère SCA of its magazine business in the Czech Republic to the local partner, which already owned 50% of the joint venture, has been finalised. The sale covers six titles.

The sale underway in China is expected to close before the end of 2011, thereby completing the entire transaction.

Press contacts

Thierry FUNCK-BRENTANO - Tel. +33 1 40 69 16 34 - tfb@lagardere.fr

Ramzi KHIROUN - Tel. +33 1 40 69 16 33 - rk@lagardere.fr

Investor Relation Contact

Anthony MELLOR - Tel. +33 1 40 69 18 02 - amellor@lagardere.fr

Lagardère is a pure media group (books, press, broadcast, digital, travel retail and press distribution, sport industry and entertainment), and is among the world leaders in the sector.
Lagardère shares are listed on Euronext Paris (Compartment A).

Email alert

To receive institutional press releases from the Lagardère group, please complete the following fields:

Register