Arnaud Lagardere News
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European Aeronautic, Defence & Space Co. nominated Denis Ranque, a former Chief Executive Officer of Thales SA, to become its new chairman at a March 27 shareholder meeting.
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European Aeronautic, Defence & Space Co. named the members of its future board following an overhaul of its shareholder structure, as Chief Executive Officer Tom Enders seeks greater freedom from political meddling.
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The French government is positioning Anne Lauvergeon, the former chief executive officer of nuclear- plant builder Areva SA, for a key role at European Aeronautic, Defence & Space Co.’s revamped supervisory board.
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U.S. investor Guy Wyser-Pratte will ask Lagardere SCA shareholders to name him to the board and take on Chief Executive Officer Arnaud Lagardere over the company’s corporate structure.
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Lagardere SCA , France’s biggest publisher, said it received a binding 651-million euro ($886 million) offer from Hearst Corp. for its international magazine business.
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Lagardere SCA will look to the market to value its 20 percent stake in Canal Plus France, rather than leave it up to Vivendi SA, which owns the rest.
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Lagardere SCA is targeting the fourth quarter for an initial sale of its shares in pay-TV operator Canal Plus France and has hired banks to manage the transaction, said two people with direct knowledge of the plan.
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Lagardere SCA dropped the most in three months in Paris trading after saying it will record losses of about 900 million euros ($1.2 billion) to reflect the lower value of its sports-marketing and pay-television units.
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Lagardere SCA , France’s biggest publisher, said first-quarter revenue fell 1.5 percent as sales of Stephenie Meyer ’s vampire-themed “Twilight” novels were eroded.
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Lagardere SCA , France’s biggest publisher, said full-year revenue was little changed as sales of Stephenie Meyer ’s vampire-themed ‘Twilight’ novel series slowed.
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