Lagardere’s third-largest shareholder Qatar Holding indicated support for major dissidents Amber Capital and Vivendi in giving owners of the stock a meaningful stake in the company’s governance. While the statement issued Tuesday night in a “rare public incursion” from the Qatar Investment Authority stopped short of explicitly backing the push for a special shareholder meeting that is headed to court, the fund deems it “legitimate that all significant shareholders be fairly represented.” Together, Amber and Vivendi control 41.5 percent of shares, and Qatar owns a 13 percent stake, giving them a majority of the stock. CEO Arnaud Lagardere owns just […]
