Back to the future.
Exactly one year after having had to give up the structure of sponsorship by shares for the Lagardère group, this same group is preparing to recreate this organization to
"autonomize its radio division, including Europe 1, Virgin Radio and RFM, by grouping these activities under a partnership limited by shares, whose limited partners would be companies of the Lagardère group, and whose general partner would be Arnaud Lagardère himself, who would thus ensure control,”
according to the group’s press release.
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An astonishing announcement even as Vivendi launched its takeover bid for the entire capital of Lagardère, officially giving it control of the destiny of the various businesses of the Lagardère group, publishing, travel retail, press and radio.
Vivendi even explains
“that it completely agrees with this decision and that this was provided for in the agreements between the Vivendi and Lagardère groups”
.
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Even autonomous, radio Europe 1 is already, since the…
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