A smaller national champion

摘要

After more than 20 months of tortuous discussion, the immediate fate of at least one of France's national champions has been decided. Lagardere, a huge media to missiles group, will not become Europe's biggest book publisher-though it will remain France's largest publishing group by far. Under orders from European Union (EU) trustbusters, on May 28th Lagardere sold Editis-some 60% of Vivendi's former publishing arm, which it had bought in 2002-to Wendel Invesrisse-ment, an investment firm.