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<p class=»mol-para-with-font»>June 16 (Reuters) -</p> <p class=»mol-para-with-font»>France’s Vivendi said on Friday it agreed to sell its publishing unit Editis to the International Media Invest (IMI) group, a subsidiary of Czech media invest (CMI) co-founded by billionaire Daniel Kretinsky.</p> <br>online casino<br><br><p class=»mol-para-with-font»>The completion of the transaction for 100% of Editis’ share capital is expected by early October at the latest, the French company added.</p> <p class=»mol-para-with-font»>Vivendi, which is in the process of acquiring France’s largest publisher Lagardere, had earlier this year</p> <p class=»mol-para-with-font»>agreed</p> <p class=»mol-para-with-font»>to sell Editis- a rival of Lagardere’s Hachette- to satisfy the European Commission’s antitrust concerns.</p> <p class=»mol-para-with-font»>Kretinsky’s name meanwhile has grown in prominence in the French business community, due to his involvement in a battle for control of French supermarket chain Casino, besides his stakes in Le Monde and TF1.</p> <p class=»mol-para-with-font»>Vivendi added on Friday the European Commission would have to approve IMI as a «suitable purchaser», while the buyer will also need clearances in relevant jurisdictions.</p> <p class=»mol-para-with-font»>(Reporting by Olivier Sorgho, Editing by Louise Heavens)</p></div><br><br><!— ad: website —><br>

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