Vivendi proposed on Monday to extend until June 15, 2025 the deadline obtained by certain Lagardère shareholders to sell their shares as part of the takeover bid to get its hands on the group, according to a statement.
The proposal, which the French media giant justifies by the need to wait until the end of a full financial year in which it will have been able to implement its strategic plan, will be "submitted to a general meeting of transfer tax beneficiaries convened for December 11, 2023". The transfer tax is currently due on 15 December.
