June 13, 2019 / 7:51 AM / 7 days ago

Olympique Lyon shares rise after Mendy sold to Real Madrid

FILE PHOTO: Soccer Football - Ligue 1 - Olympique Lyonnais v Caen - Groupama Stadium, Lyon, France - May 18, 2019 Lyon's Ferland Mendy in action with Caen's Frederic Guilbert REUTERS/Emmanuel Foudrot

PARIS (Reuters) - Olympique Lyonnais’ shares rose on Thursday after the French soccer club sold left-back Ferland Mendy to Real Madrid for some 48 million euros (£42.7 million).

Olympique Lyon shares were up by around 1% in early session trading.

Real Madrid will pay an initial 48 million euros for Mendy with a possible further 5 million euros in incentive payments.

Reporting by Sudip Kar-Gupta; Editing by Keith Weir

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