Bidders revealed for Flammarion takeover

Bidders revealed for Flammarion takeover

Gallimard and a partnership between Albin Michel and Actes Sud, revealed by Livres Hebdo, have been shortlisted for the purchase of Flammarion from RCS MediaGroup.

The advising bank Mediobanca declined to name the candidates that are invited to consult the Flammarion accounts before submitting their final bids. But The Bookseller confirmed that the first two groups are in the running, and that Media Participations is not.

Two other candidates have been invited to the dataroom, a partnership of three investment funds and a foreign group, probably HarperCollins, the French daily Le Monde reported.