June 13, 2019 / 7:42 AM / a month ago

Soccer: Olympique Lyon shares rise after Mendy sold to Real Madrid

FILE PHOTO: Soccer Football - Euro 2020 Qualifier - Group H - Andorra v France - Estadi Nacional, Andorra La Vella, Andorra - June 11, 2019 France's Florian Thauvin celebrates scoring their third goal with Ferland Mendy REUTERS/Albert Gea/File Photo

PARIS (Reuters) - Olympique Lyonnais’ shares rose on Thursday after the French soccer club sold left-back Ferland Mendy to Real Madrid for some 48 million euros ($54.2 million).

Olympique Lyon shares were up by around 1% in early session trading.

Real Madrid will pay an initial 48 million euros for Mendy with a possible further 5 million euros in incentive payments.

($1 = 0.8850 euros)

Reporting by Sudip Kar-Gupta; Editing by Keith Weir

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