Note 9 - Capital gains and losses
2020
In 2020, the Group recorded a net loss of €7 million relating to the following major transactions:
- a €12 million pre-tax loss booked on the disposal of Lagardère Studios to Mediawan in October 2020;
- a €5 million gain relating to extinguished guarantees that had been granted in connection with previous disposals.
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 Echos- 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).