The supervisory board of the Lagardère group on Monday rejected the request of the Amber Capital fund and the media giant Vivendi to convene an extraordinary general meeting, but said it was ready to
"open a constructive and peaceful shareholder dialogue"
, in a
press
release.
Read also: Open war within the Lagardère group
On August 20, the activist fund Amber Capital - freshly allied with Vivendi - formally asked the Lagardère group, of which it is the second shareholder, to convene a general meeting. Amber and Vivendi also wanted to replace three members of the supervisory board.