Olympique Lyon shares boosted by sale of Lacazette to Arsenal

Published On: July 6, 2017 04:35 PM NPT By: Reuters

Alexandre Lacazette/ Reuters,

Shares in Olympique Lyonnais rose on Thursday after the French football club announced the sale of striker Alexandre Lacazette to Arsenal for a fee of up to 60 million euros ($68 million).

Lyon said the fee for Lacazette, who recently broke into the French national team, was the highest ever achieved by the club in a transfer.

Olympique Lyon shares were up 1.3 percent in early trading.

The French football club, which won the last of its seventh Ligue 1 championship titles in 2008, first listed on the Paris stock market in 2007.

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