Vivendi, which owns France’s second largest publisher Editis, has acquired 10.6 percent of Lagardere’s stock. The company says in their release, “This acquisition is a long-term financial investment reflecting Vivendi’s confidence in the future prospects of the French group which enjoys international leadership positions in its businesses and which, like many others, is experiencing difficult times at the moment.” The investment follows a report last week that billionaire Vincent Bollore, Vivendi’s chairman and leading shareholder, was among those buying stakes in Lagardere and planning to support management in their battle with activist hedge fund Amber Capital. Amber has nominated their […]
