Lagardère: sale of assets in South Africa

0

(CercleFinance.com) – As part of its strategic refocusing, Lagardère announces the completion of transactions concerning the sale by Lagardère Active Radio International (LARI) of its activities in South Africa to its historical joint shareholder Kagiso Media.

This includes the sale of LARI's 20% stake in Jacaranda FM Proprietary Limited, publisher of Jacaranda FM, South Africa's leading private radio, for 233 million South African rand. , just over 15 million euros.

Lagardère also signs an agreement to sell LARM's 49.99% stake in the capital of Mediamark Proprietary Limited, for an estimated 30 million rand, nearly two million euros .

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.