Press releases
Lagardère SCA has completed the sale of its Russian Radio business
Archives Lagardère Active, Corporate & other activities, Finance
Paris, December 23, 2011
Lagardère SCA has sold its Russian Radio business (Europa Media Group) to several private Russian investors. The equity value of the transaction is US$ 162 million (EUR 123 million).
Lagardère is advised by Sociéte Générale for this operation.
In 2010, the Russian Radio business generated revenues of EUR 43 million.
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
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).
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