(AOF) – The Lagardère board of directors authorizes the signing of a preliminary memorandum of understanding and the continuation of exclusive negotiations with LVMH with a view to a sale of the Paris Match title, indicates a press release from the Lagardère group. Subject to the finalization of negotiations, the sale would be carried out on the basis of an enterprise value of 120 million euros. The possible signing of the final agreements could take place at the end of July 2024.
This proposed sale would also be subject to approval by the competent competition authorities and could be carried out, if necessary, at the end of September 2024.