- Press releases
Paris, April 17, 2018
Lagardère sells its Radio businesses in the Czech Republic, Poland, Slovakia and Romania to Czech Media Invest*
The Lagardère group announces the sale of its Radio assets in the Czech Republic, Poland, Slovakia and Romania to Czech Media Invest.
This transaction is the first in a series of disposals concerning Lagardère Active assets within the scope of the strategic redeployment announced by Arnaud Lagardère on 8 March 2018.
The selling price of these assets is €73 million for consolidated revenue of around €56 million in 2017.
This acquisition will support Czech Media Invest's growth strategy in the media segment, adding a new media type based on strong radio brands in those countries.
The closing of the transaction is mainly subject to clearance from the local regulatory authorities in the countries concerned.
* Czech Media Invest, co-owned and managed by Daniel Křetínský is the #1 industrial operator of medias in the Czech Republic, with four daily titles, numerous magazines and online domains.
The company also owns two printing plants, is a leader in book publishing and press distribution with over 18,000 delivery points.
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 Relations Contact
- Florence Lonis - Tel. +33 1 40 69 18 02 - flonis@lagardere.fr
It is structured around four business lines: Books and e-Books; Travel Retail; Press, Audiovisual, Digital and Advertising Sales Brokerage; Sports and Entertainment.
Lagardère shares are listed on Euronext Paris.
www.lagardere.com
