Lagardère Group
During 1988, Matra was privatised, at which point Lagardère acquired six per cent of the company's stock; by 1992, his stake in Mantra had risen to 25 per cent. That same year, the Lagardère Group was radically restructured; acquiring more shares in Matra from Floirat, Daimler Benz and GEC, and Hachette from Floirat, Crédit Lyonnais and Aberly. Lagardère merged Matra and Hachette to form Matra Hachette, of which the Lagardère Group held 37.6 per cent. Following a share swap in 1994, Lagardère held 93.3 perc cent of Matra Hachette's stock. During 1996, Matra Hachette was formally merged into the Lagardère Group.