Besson to float EuropaCorp

Company has eight pics on slate

PARIS — EuropaCorp, the Paris-based production company founded by director Luc Besson, is to float on the Paris Stock Exchange.

EuropaCorp has produced 45 films since 1999, including “Transporter 2” and “Arthur and the Invisibles,” for which a sequel is planned.

Besson, one of France’s most commercially successful directors, is best known for films such as “Leon” and “The Fifth Element.” He controls EuropaCorp via his holding company Front Line.

EuropaCorp has eight movies either being filmed or in post, including “Taken,” helmed by Pierre Morel and starring Liam Neeson. Besson is also planning a third “Transporter” movie, starring Jason Statham.

In 2006, EuropaCorp made a profit of Euros 8 million ($10.8 million) on sales of Euros 159 million ($214 million). It had a net debt of around Euros 43 million ($57.8 million), partly guaranteed by rights to some of its films.

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