LVMH Group, owner of Groupe Les Echos, announces that it has entered into exclusive negotiations with Groupe AMAURY concerning the potential acquisition of their publication:
‘Le Parisien/Aujourd’hui en France’.
The acquisition is subject to consideration by the Groupe Amaury works council and is conditional upon approval by the relevant competition authorities.
Francis MOREL, Chief Executive of Groupe Les Echos said:
«This well-known and respected publication would make a material contribution to our group through its strong complementarity with our current titles».