Lagardère SCA (Euronext: MMB) is a French conglomerate formerly known as Matra, with holdings in publishing, retail, media, and aerospace. The firm is a société en commandite par actions or limited partnership.
Lagardère was incorporated on 24 September 1980 as a holding company.
Matra was privatized in 1988, with Lagardère holding 6% of the stock and by 1992, 25%. In December 1992 the group was radically restructured:
Following a share swap in 1...
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Lagardère SCA (Euronext: MMB) is a French conglomerate formerly known as Matra, with holdings in publishing, retail, media, and aerospace. The firm is a société en commandite par actions or limited partnership.
Lagardère was incorporated on 24 September 1980 as a holding company.
Matra was privatized in 1988, with Lagardère holding 6% of the stock and by 1992, 25%. In December 1992 the group was radically restructured:
Following a share swap in 1994 Lagardère held 93.3% of Matra Hachette’s stock. In 1996 Matra Hachette was formally merged into Lagardère.
In 1999, the defence arm, Matra Hautes Technologies, merged with Aérospatiale to form Aérospatiale-Matra. On July 10, 2000 Aérospatiale-Matra became part of EADS.
On 23 October 2002, Lagardère announced the purchase of Vivendi Universal Publishing, with the exception of Houghton Mifflin.
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