Arab Today, arab today lagardere books €18bn from eads share sale
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Lagardere books €1.8bn from EADS share sale

Arab Today, arab today

Arab Today, arab today Lagardere books €1.8bn from EADS share sale

Paris - AFP

French media group Lagardere said Monday it made a capital gain of 1.8 billion euros ($2.35 bn) for the sale of a 7.4 percent stake in the European defence and aerospace company EADS. The company said the sale last week had been completed with the transfer of the shares and that it had received 2.28 billion euros, which following taxes and transaction costs, resulted in a capital gain of 1.8 billion euros. "As previously indicated, the Lagardere group plans to divide the proceeds from the disposal between, firstly, a one-time premium for all Group employees, secondly a reduction of the Group's debt, and finally a one-time exceptional dividend for shareholders," the company said in a statement. Lagardere is in the midst of a restructuring process to reduce debt and improve the market value of its main media assets. The media company holds magazine titles including Elle and Paris Match, but sold off its foreign magazine stable to US media company Hearst in 2011 to 651 million euros. Earlier this month it announced the sale of its 25 percent stake in Amaury, the publisher of the Le Parisien newspaper and sports daily L'Equipe, for 91.4 million euros. Lagardere is also looking for a solution for its 20 percent in pay-TV operator Canal+ France and a 42 percent stake in women's magazine Marie-Claire. Lagardere group said it is also "reasserting its growth strategy, aiming to increase its exposure to developing activities (specifically travel retail, digital, and rights management), which could result in targeted acquisitions when opportunities will arise." The company suffered a 700 million euro loss in 2011 due to the poor performance of its sports assets, but rebounded in 2012 with a profit of 89 million euros. 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lagardere books €18bn from eads share sale Arab Today, arab today lagardere books €18bn from eads share sale

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today lagardere books €18bn from eads share sale Arab Today, arab today lagardere books €18bn from eads share sale

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday