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General

Vivendi to buy bigger stake in Lagardere in move towards takeover

Thursday 16 September 2021 | 10:19 CET | News
Vivendi, the leading shareholder in French media and retail group Lagardere, has announced a deal with the second largest shareholder in Lagardere that paves the way for a full takeover of the group. The transaction requires the approval of the European Commission and French media authority CSA. Under the deal, investment firm Amber Capital will sell its 17.9 percent stake in Lagardere to Vivendi for EUR 610 million (EUR 24.10 per Lagardere share), targeting a completion date of 15 December 2022. If the acquisition is approved, Vivendi's stake will increase to 45.1 percent, or 36.1 percent of

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Categories: General
Companies: Vivendi
Countries: France / World
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