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Vincent Bolloré joins forces with the Amber fund and increases pressure on Arnaud Lagardère

2020-08-11T18:07:52.387Z


ANALYSIS - The first two shareholders of the publishing and distribution group are claiming four seats on the board.


In full heat wave torpor, Vincent Bolloré does not lose sight of his interests in the Lagardère case. Vivendi, the group that the Breton industrialist controls and which has become the largest shareholder in the publishing (Hachette) and distribution (travel retail) group by holding 23.5% of its capital, announced Tuesday morning that it is he joined forces with the British fund Amber Capital, Lagardère's second shareholder (20%), to demand four seats on the supervisory board, three for Amber and one for Vivendi.

Read also: How Vivendi launches its offensive on Lagardère

This is a complete turnaround: a few months after having supported Arnaud Lagardère in the face of the attempted putsch of the activist fund led by Joseph Oughourlian, which has been trying in vain to join Lagardère's board since 2018, Vivendi made an alliance with the old enemy.

Vivendi and Amber, both of whom have considerably strengthened their stake in Lagardère in recent months, specify that their pact, "despite their differences", comes "after

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Source: lefigaro

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