French conglomerate Lagardere considering spin-off of radio business
PARIS (Reuters) – French business conglomerate Lagardere said on Tuesday that it was considering spinning off its radio division, which includes well-known French radio stations such as Europe 1 and RFM.
French media company Vivendi is currently in the process of pursuing a takeover of Lagardere.
Lagardere is an international group headquartered in Paris with companies in media, publishing and travel retail.
(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)