The endless trench warfare around the Lagardère Group has finally come to an end, at least for a while.
At the end of tough negotiations, the five major shareholders - Arnaud Lagardère, Vincent Bolloré, Bernard Arnault, Joseph Oughourlian (Amber Capital) and Qatar - have decided to come to an agreement and to meet for 5 years within a new board of directors, which will preside over the destiny of the company.
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How Lagardère saved his empire from dismantling
As a preamble to this agreement, Arnaud Lagardère renounced the sponsorship set up by his father Jean-Luc to protect his empire, which gave him almost full powers.
Lagardère therefore becomes a “normal” listed company again, which can be the subject of a takeover bid.
Following this transformation, Vivendi will hold 27% of the capital (22% of the voting rights), the Amber fund of 18% of the shares, Arnaud Lagardère of 14% of the capital (16% of the voting rights).
Qatar follows with 12% of the shares and the Arnault family with 7% of the capital.
In return, these shareholders
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