Olympique Lyon shares rise after Ferland Mendy sold to Real Madrid

Reuters | Updated: Jun 13, 2019, 04:35 PM IST

Ligue 1 - Olympique Lyonnais v Caen - Groupama Stadium, Lyon, France - Lyons Ferland Mendy in action with Caens Frederic Guilber

Olympique Lyonnais' shares rose on Thursday after the French soccer club sold left-back Ferland Mendy to Real Madrid for some 48 million euros ($54.2 million).

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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.