Saddam Hussein Owns 2% of Hachette Filipacchi's Parent
March 3rd, 2003
Adam Cohen of Media Professional Newsletter, spotted a New York Post story (link no longer good; sorry) that reveals Saddam Hussein owns 2% of Hachette Filipacchi’s parent company Lagardere SCA. His stake is worth about $90 million. In the US Hachette publishes Elle, Car & Driver,and Women’s Day. Lagardere claim to be stuck with it because they say any transactions are frozen under legal sanctions. They’ve known about this since 1990 and haven’t managed to wiggle out of it yet.
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