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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.