Lagardère Sells 25% Stake In Amaury Group For More Than $117M
France-based media conglomorate Lagardère Group "has sold its 25% stake in French media group Amaury," according to Alexandre Debouté of LE FIGARO. The Amaury Group "bought back the 25% stake that Lagardère held in the company for 13 years" for €91.4M ($117.4M). Amaury's portfolio includes properties such as L'Equipe, Le Parisien and Amaury Sport Organisation, which organizes the Tour de France and several other cycling races. As a result of this transaction, Amaury Group "controls now 100% of its operations." The Aumary Group is valued at €365M ($469M) (LE FIGARO, 4/2).