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BRIEF-Lagardere Services sells its US magazines distribution business
July 6, 2015 / 4:22 PM / 2 years ago

BRIEF-Lagardere Services sells its US magazines distribution business

July 6 (Reuters) - Lagardere :

* Lagardère Services sells its US magazines distribution business

* Impact of transaction on Lagardère Services P&L in H1 2015 is expected to be capital loss of about 11 million euros ($12.19 million) after tax

* Says capital loss is more than compensated by capital gain of 32 million euros after tax realized on sale of Swiss distribution activities in February Source text for Eikon: Further company coverage: ($1 = 0.9024 euros) (Gdynia Newsroom)

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