Lagardère said to be primed for Canal+ stake IPO

Pascale Paoli-Lebailly | 26-10-2012

French news agencies’ are reporting that the Lagardère Group has given mandate to JP Morgan and BNP Paribas to prepare the IPO of its 20% stake of into Canal+ France.

Lagardère’s participation is valued in the region of €1.1 billion.

The first IPO project for Lagardère’s stakes was been interrupted in March 2011 after the Fukushima catastrophe and ensuing turmoil on the stock exchanges.