Note 9 - Capital gains and losses
2019
In 2019, the Group recorded a net gain of €137 million relating to the following major transactions:
- a €99 million pre-tax gain on the September 2019 sale of TV channels to the M6 group;
- an €18 million pre-tax gain on the February 2019 sale of BilletReduc to the Fnac-Darty group;
- a €13 million pre-tax gain on the February 2019 sale of the minority interest held in the South African radio Jacaranda;
- a €6 million pre-tax gain on the sale of Mezzo to the Les Échos- Le Parisien and Canal+ groups on 17 July 2019;
- a €5 million earn-out on the 2017 sale of the office building in Levallois-Perret (France).
2018
In 2018, the Group recorded a net gain of €201 million relating to the following major transactions:
- a €245 million pre-tax gain on the May 2018 sale of an office building in the eighth arrondissement of Paris (France) that previously hosted Lagardère Active’s Radio and TV Channel teams;
- a €40 million pre-tax loss booked on the June 2018 sale of the Group’s 42% interest in the Marie Claire group, also at Lagardère Active;
- a €3 million pre-tax gain on the disposal by Lagardère Active of MonDocteur, Doctissimo and radio operations in the Czech Republic, Poland, Slovakia and Romania.