Lagardere aims for Spring IPO

French media group Lagardere will sell its stake in pay-TV group Canal+ France in an initial public offering (IPO) in spring 2011, Lagardere's chief financial officer Dominique d'Hinnin said yesterday. D'Hinnin told an investor conference in Spain that Canal+'s majority owner Vivendi had never responded to a price proposal Lagardere had sent early this year, and there had been no negotiations.