Key Developments: Lagardere SCA (LAGA.PA)

LAGA.PA on Paris Stock Exchange

6 May 2015
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Latest Key Developments (Source: Significant Developments)

Lagardere SCA sells Deutsche Telekom shares
Wednesday, 18 Mar 2015 01:15pm EDT 

Lagardere SCA:Says forward sale of the 2,836,835 Deutsche Telekom shares that it had held since the transfer of Club Internet to T-Online International in early 2000.T-Online International was folded into Deutsche Telekom in 2006.Says sale will be effective in June 2016.In the meantime, the Lagardère group will continue to own the shares.Says a pre-tax capital gain of about 21 mln euros will be booked in the first half 2016 accounts.Sale price is 45 mln euros and the proceeds will be received in the coming days.  Full Article

Lagardere gives FY 2015 guidance below estimates and proposes dividend
Wednesday, 11 Mar 2015 12:35pm EDT 

Lagardere SCA:FY 2014 recurring group EBIT up 4.7 pct to 342 million euros.FY 2015 EBIT of 393.54 million euros - Thomson Reuters I/B/E/S.In 2015, recurring group EBIT is expected to increase by about 5 pct compared to 2014.Proposes ordinary dividend unchanged at 1.3 euro per share.  Full Article

Lagardere SCA subsidiary completes manufacturing and commercial assets sale agreement
Thursday, 18 Dec 2014 07:00pm EST 

Lagardere SCA:Announces that Matra Manufacturing & Services (MMS), a wholly-owned subsidiary of Lagardere SCA, has completed an agreement to sell the manufacturing and commercial assets of its light electric vehicles business including spare parts and accessories, to the Easybike group.Says alongside the sale agreement, a concession contract will give MGF Easybike the right to use the Matra brand exclusively for the manufacture and sale of light electric vehicles for ten years.Says the contract includes an option for the Easybike group to acquire the brand in 10 years' time.  Full Article

Lagardere SCA increases number of outstanding shares
Thursday, 18 Dec 2014 07:00pm EST 

Lagardere SCA:Announces that 154,024 new ordinary shares issued by the company, immediately assimilated with the existing ordinary shares, will be listed on the market EURONEXT PARIS as of Dec. 23.Says the old number of outstanding shares is 131,133,286.Says the number of shares to be listed is 154,024.Says the new number of outstanding shares is 131,287,310.Says the reason is the free allocation.  Full Article

Lagardere Services to sell its 65 pct stake in Lagardere Services Distribution Suisse to Valora
Monday, 10 Nov 2014 01:00am EST 

Lagardere SCA:Subsidiary Lagardere Services announces signature of agreement in order to sell to Valora AG of its 65 pct stake in Lagardere Services Distribution Suisse (LSDS).LSDS' long-term shareholder Tamedia Publications romandes SA is also selling its 35 pct stake.Duty Free and Fashion businesses are to remain with Lagardere Services.LSDS FY 2013 consolidated sales reflect 313 mln euros and FY 2013 recurring EBIT is 9.6 mln euros.Sale price (equity value at 100 pct) is about 110 mln euros.Transaction expected to be concluded once authorization is received from Swiss competition authorities.  Full Article

Lagardere SCA launches 5-year 500 million euros bond issue
Tuesday, 9 Sep 2014 08:00pm EDT 

Lagardere SCA:Launches a 500 million euros, 5-year (due in Sep. 2019) bond issue, with an annual coupon of 2 per cent.Says that the order book reached an amount of 1.5 billion, 3 times oversubscribed.Says the proceeds of this bond issue are intended to be used for the general corporate purposes, and notably the reimbursement of the remaining amount of the bond issued in 2009 and due in Oct. 2014.Says JP Morgan and Natixis are acting as global coordinators on this bond issue, with Barclays, Citi, Commerzbank, Credit Agricole CIB, Mediobanca and Societe Generale as joint bookrunners.  Full Article

Lagardere gives FY 2014 outlook
Thursday, 31 Jul 2014 11:40am EDT 

Lagardere SCA:Sees FY 2014 recurring EBIT from Media activities to grow 0 pct to 5 pct compared to 2013.  Full Article

Eurocash SA buys control of Lagardere SCA chain in Poland-Reuters
Wednesday, 11 Jun 2014 02:38am EDT 

Eurocash SA:Eurocash bought a controlling stake in retail chain Inmedio and rights to a franchise brand 1minute from French media group Lagardere, Eurocash said-Reuters.Eurocash, which had a 19 percent share of Poland's grocery store market before the purchase, agreed to buy 51 percent of Inmedio, which runs a network of 410 outlets.It did not give financial details of the deal.Eurocash also bought from HDS Polska, a unit of Lagardere, and Relay Duo rights to expand the convenience stores franchise 1minute.There are now almost seventy 1minute outlets in Poland.  Full Article

Lagardere SCA issues FY 2018 financial guidance
Wednesday, 28 May 2014 02:00am EDT 

Lagardere SCA:Sees organic sales growth of more than 3 pct per year by FY 2018.Sees average growth in Group recurring EBIT of circa 5 pct per year between FY 2013 and FY 2018.  Full Article

Lagardere Unlimited establishes presence in Brazil
Wednesday, 23 Apr 2014 08:00pm EDT 

Lagardere SCA:Says Lagardere Unlimited has established a presence in Brazil (LU Brazil).Through its LUArenas joint venture with local partner BWA, Lagardere Unlimited will continue to deploy its stadium and arena activities in Brazil with two Stadiums: Castelao (2014 FIFA World Cup Stadium) and Independencia.  Full Article

BRIEF-Lagardere announces the sale of 2,836,835 Deutsche Telekom shares

* Announces the sale of 2,836,835 Deutsche Telekom shares it held following the contribution of internet club T-Online International in early 2000

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