Olympique Lyon shares rises after sale of Lacazette to Arsenal

Shares in Olympique Lyonnais rose on Thursday following the French soccer club’s announcement of the sale of striker Alexandre Lacazette to Arsenal for a fee of up to USD68 million.

Lyon has confirmed that 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% in early trading, according to Reuters.

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

The player is the second signing Arsenal has made in the summer, as fans of the English club looks forward to more signings.