Olympique Lyon shares rise after Mendy sold to Real Madrid

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)