French conglomerate LagardÃ¨re could sell its 20% stake in Canal Plus France to Vivendi next year, according to finance director Dominique DÂHinnin, cited by the Reuters news agency.
DÂHinnin said a sale was ÂprobableÂ but would depend on price. LagardÃ¨re has the right to dispose of the stake during a window between March 15 and April 15 each year until 2014, following the exercise in February next year by TF1 and M6 of their option to sell their respective 9.9% and 5.1% stakes in Canal Plus. One possibility that has been mooted is that LagardÃ¨re could make its stake available on the stock market.
DÂHinnin said LagardÃ¨re would not sell its 7.5% stake in aeronautics and defence group EADS.
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