Lagardere planning retail travel acquisition, watching World Duty Free auction process
Lagardere, the listed French sports and media group, is interested in making one or several acquisitions, French daily Les Echos reported citing head Arnaud Lagardere. He said that the group could make one or several major acquisitions, adding that he was closely monitoring the auction for World Duty Free.
According to Lagardere, the group has the means to make acquisitions without diluting the stakes of existing shareholders.
A report last week noted that companies admitted to the WDF data room as Swiss-based Dufry, South Korean Lotte Shopping and Chinese Sunrise Duty Free.
Les Echos