April 17, 2018 / 6:13 AM / 5 months ago

France's Lagardere sells eastern European radio assets to Czech Media Invest

PARIS, April 17 (Reuters) - Lagardere, the French media group whose assets include Paris Match magazine and Europe 1 radio, said on Tuesday it was selling some eastern European radio assets to Czech Media Invest.

Lagardere said it was selling off radio assets in the Czech Republic, Poland, Slovakia and Romania, as part of a broader strategy to dispose of non-core businesses to improve its cash flow.

Lagardere said the sales price of those radio assets was 73 million euros ($90.4 million).

$1 = 0.8073 euros Reporting by Sudip Kar-Gupta Editing by Andrew Heavens

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