October 10, 2019 / 4:36 PM / 5 days ago

Lagardere sues activist Amber Capital, claims 84 million euros of damages

PARIS (Reuters) - French media and travel retail group Lagardere (LAGA.PA) said on Thursday it is suing activist fund Amber Capital and required 84 million euros ($92.55 million) for damages.

Amber Capital urged in May for Lagardere to do more to boost shareholder value and reiterated its concerns over the company’s recent performance.

Reporting by Dominique Vidalon; Writing by Matthieu Protard; Editing by Chris Reese

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