French media company Lagardere (LGDDF.PK) has sold its 7% stake in aerospace and defense firm...

|About: Lagardere Groupe S.C.A. (LGDDF)|By:, SA News Editor

French media company Lagardere (LGDDF.PK) has sold its 7% stake in aerospace and defense firm EADS  (EADSF.PK) in a private placement for €2.28B, or €37.43 a share. EADS placed an order of €500M in the transaction, which is part of a wider revamp of the company's ownership structure. (PR)