|
|
Article: Carlyle Group sells its 40% stake in Le Figaro to Dassault.
- Article from:
- Financial News
- Article date:
- March 25, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Guy Paisner in Paris
The Carlyle Group has sold its 40% stake in Le Figaro, France's second-biggest daily newspaper, to Groupe Industrial Marcel Dassault, a family holding company controlled by Serge Dassault, president of Dassault Aviation.
The deal, which will be announced later this week, is the first exit from Carlyle's [euro]1bn ($885m) European buyout fund and fulfils a long-time ambition of Dassault, one of France's richest men, to control Le Figaro.
It will be watched closely by the owners of Le Monde, who are planning an initial public offering for France's biggest selling daily, and by Bernard Arnault, chairman and chief ...