Mondadori, Lagardère and Marie Claire: consolidation ahead?

Mondadori, Lagardère and Marie Claire are working on a project to regroup their French periodicals in a new press entity within a year. The possible alliance aims to tackle the difficulties currently faced by the printed press, Italian business newspaper Milano Finanza reports.

Marie Claire's October 2017 cover - Marie Claire

The rumour, which saw Mondadori shares climb over 5% to 2.36 euros on the Milan stock exchange at lunchtime on Wednesday, is based on the three group's ongoing negotiations concerning the French market. 

The newly-created entity would be worth about a billion euros, according to Mediobanca securities, which added up the revenue of the three groups (380-400 million at Lagardère, 300 million at Mondadori and the same for Marie Claire).

At a later stage, the company could join the French stock exchange, according to Milano Finanza, citing financial sources. Contacted by AFP, none of the three titles wished to comment.

Translated by Erin Floyd

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