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Lagardere Sells Russian Radio Business for $162 Million

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Dec. 23 (Bloomberg) -- Lagardere SCA 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

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