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French conglomerate Lagardere considering spin-off of radio business

Reuters
Updated
FILE PHOTO: The logo of French media group Lagardere is seen during the groups annual general meeting in Paris

PARIS (Reuters) - French business conglomerate Lagardere said on Tuesday that it was considering spinning off its radio division, which includes well-known French radio stations such as Europe 1 and RFM.

French media company Vivendi is currently in the process of pursuing a takeover of Lagardere.

Lagardere is an international group headquartered in Paris with companies in media, publishing and travel retail.

(Reporting by Sudip Kar-Gupta, Editing by Louise Heavens)