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Paris court rejects Vivendi's request to force Lagardere into early shareholder meeting

Thursday 15 October 2020 | 09:56 CET | News
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French media and publishing conglomerate Lagardere welcomed a ruling from the Paris commercial court that rejected a request from its largest shareholder Vivendi to call an extraordinary general meeting. Vivendi had brought the case to court with Amber Capital, Lagardere’s second largest shareholder, after agreeing a pact with the investment firm to seek minority representation on Lagardere’s supervisory board. The call for a board reshuffle was rebuffed in early September and a shareholder meeting is now unlikely to take place before May 2021.

Vivendi issued a short statement saying that it would appeal against the ruling.



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Categories: Broadcast & Satellite
Companies: Vivendi
Countries: France
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