Lagardere Sells Russian Radio Business for $162 Million

Lagardere SCA (MMB) sold its Russian radio business, Europa Media Group, to a group of private Russian investors for $162 million, the company said in an e-mailed statement today.

Europa Media Group generated revenue of 43 million euros ($56 million) in 2010, according to the statement.

To contact the reporter on this story: Carol Matlack in Paris at cmatlack@bloomberg.net

To contact the editor responsible for this story: Jeffrey Donovan at jdonovan26@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.