Editions P. Amaury, which also publishes the sports newspaper L'Equipe and organises sporting events such as the Tour de France, will buy back its shares following shareholders' approval, said Lagardere in a statement.
Lagardere is in the midst of a restructuring process that will see it sell off its 7.4% stake in aerospace company EADS and other assets as it tries to reduce its debt.
The media company also holds magazine titles including Elle and Paris Match.
Source: AFP, via I-Net Bridge
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