Luc Besson film company sets price range for IPO

PARIS (Reuters) - EuropaCorp, the film production company founded by French director Luc Besson, set a price range on Tuesday for its stock market listing which it said would raise more than 70 million euros ($94.2 million).

EuropaCorp gave a range of 14 euros to 16.25 euros per share for the initial public offering (IPO). Shares in the company are due to start trading on July 6.

Besson, best known for directing movies such as "The Fifth Element" and "Le Grand Bleu," controls EuropaCorp via a holding company called Front Line.

EuropaCorp made a net profit of 8.2 million euros in the financial year ending March 31, on sales of 158.7 million euros.

ABN AMRO Rothschild and Lazard-Natixis are the lead banks advising EuropaCorp on the float.