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How Vivendi launches its Lagardère offensive

2020-07-17T02:25:42.926Z


DECRYPTION - Having become the largest shareholder, Vivendi asked to sit on the Lagardère supervisory board.


The serious things begin. On Wednesday, the Amber fund, which challenged Arnaud Lagardère's strategy last May, rose further to 19.93%. But he won the title of first shareholder of Lagardère by Vivendi who revealed the same day holding 21.19% of the shares. Vivendi even toughened the tone by asking to be able to sit on Lagardère's supervisory board. "Vivendi plans to request his appointment or that of one or more people as a member of the supervisory board," said the group in a letter to the Autorité des Marchés Financiers (AMF).

The demand is not surprising from a first shareholder. However, the tone used is surprising. Vivendi justifies its request by the "uncertain nature of the changes announced on May 25 in the organization of operational control of Lagardère SCA." By using this term of "uncertain character" and by giving the date of May 25, that of the entry of Bernard Arnault

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Source: lefigaro

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