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Flammarion sold to Gallimard
06.09.12 | Benedicte Page
RSC MediaGroup has announced the sale of Flammarion parent company RCS Livres from RCS Libri to Madrigall, parent company of publishing house Gallimard.
The price paid was €239m, consisting of an immediate payment of €184.2m and of debt reimbursement.
At 30th June, Flammarion's group revenues were €99m, with EBITDA of €6.6m.