Lagardère SCA: Takeover of Virgin Group: final agreement
* Reuters is not responsible for the content in this press release.
PARIS--(Business Wire)-- Regulatory News: Takeover of Virgin Group: final agreement Paris, February 28, 2008 - Following heads of agreement signed in December 2007, the Lagardère Group and Butler Capital Partners announce the signature of final agreements on a majority takeover of Virgin Group by Butler Capital Partners. Virgin Group is a market leader in France in the distribution of cultural and entertainment products. With consolidated sales of around 400 million euros and 1,900 employees, the group has 47 downtown sites and shopping malls, of which 35 trade under the Virgin banner and a dozen under the Furet du Nord banner. The group, which holds a perpetual license for certain European territories including France, operates about 10 franchises internationally, representing sales of around 100 million euros. The group also operates France's no.2 music and video download platform, VirginMega. Butler Capital Partners has over the last 15 years been building up considerable experience of the French industrial and business environment. Working with a variety of business sectors, Butler Capital Partners have in recent years invested, inter alia, in Atys (world leader in the preparation of fresh fruit), Flo (French leader in catering), César (world leader in party ware), Abrium (security equipment distribution), Giraud International (international transport), PSG (football club), Sernam (goods transport), Accès industrie (elevator pod hire), and SNCM (marine transport). The Lagardère Group is a market leader in the media sector (books, press, audiovisual, distribution of cultural and entertainment products, and sports rights). The Group also has interests in the high technology sector via a 12.51% stake in EADS. Lagardère shares are listed in Paris on Eurolist by Euronext - Compartment A. Lagardère SCA: Press Contacts Thierry Funck-Brentano tel. +33 (0)1 40 69 16 34 firstname.lastname@example.org Ramzi Khiroun tel. +33 (0)1 40 69 16 33 email@example.com Investor Relations Contact Laurent Carozzi tel. +33 (0)1 40 69 18 02 firstname.lastname@example.org Lagardère Services Jean-Louis Nachury tel.: +33 (0)1 42 99 07 10 François Gues tel.: +33 (0)1 42 99 07 10 Butler Capital Partners: Image 7 Press Contacts Grégoire Lucas tel.: +33 (0)1 53 70 74 94 email@example.com Constance Giscard d'Estaing tel.: +33 (0)1 53 70 74 54 firstname.lastname@example.org LAGARDÈRE SCA Copyright Business Wire 2008
- Malaysian plane presumed crashed; questions over false IDs |
- CORRECTED-UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port