French media to arms conglomerate LagardÃ¨re has denied the latest reports that it is planning to sell its stake in pay-TV operator Canal Plus, as well as its stake in defence consortium EADS. Market rumours that a sale of both stakes was likely surfaced this week.
Late last year, LagardÃ¨re finance director Dominque DÂHinnin said that a sale of the companyÂs 20% stake in Canal Plus France was ÂprobableÂ but would depend on price, but that LagardÃ¨re would not sell its 7.5% stake in EADS. LagardÃ¨re has the right to sell the Canal Plus stake between March 15 and April 15 each year until 2014.
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