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Brussels gives green light to Vivendi's takeover bid for Lagardère, triggering a big bang in the French edition

2023-06-09T15:43:17.749Z

Highlights: The European Commission gave the green light to Vivendi's takeover bid for Lagardère. The group (Canal+, Hava Media...) controlled by the Bolloré family can officially seize (at a price of 24.10 euros per share) the jewels of Arnaud Lagardere. These three activities had a turnover of 7 billion euros last year. In this lying poker game between Vivendi, the European regulators, and the many contenders who hoped to recover some assets in the battle, the Breton patriarch was finally forced to sell Editis.


INVESTIGATION - The arrival of Hachette in the bosom of the Bolloré family, and that of Editis in the hands of Daniel Kretinsky, sign the largest capital restructuring in the sector.


This Friday, June 9, marks the epilogue of the endless soap opera that has kept the business and cultural community in suspense for two years. In the afternoon, the European Commission gave the green light to Vivendi's takeover bid for Lagardère, following a lengthy and thorough investigation. The group (Canal+, Havas, Prisma Media...) controlled by the Bolloré family can officially seize (at a price of 24.10 euros per share) the jewels of Arnaud Lagardère: travel retail, the media (Europe 1, Europe 2, RFM, Paris Match, Le Journal du dimanche) and the French number one publisher, Hachette. These three activities had a turnover of 7 billion euros last year. In this lying poker game between Vivendi, the European regulators, and the many contenders who hoped to recover some assets in the battle, the Breton patriarch Vincent Bolloré was finally forced to sell Editis, as well as his magazine people Gala.

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Source: lefigaro

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